Exxon Mobil Corp. (XOM) and its partners have officially signed off on the construction of a US$15 billion liquefied natural gas project in Papua New Guinea, a spokeswoman for the Papua New Guinean government said Tuesday.

A signing ceremony is underway and a formal statement will be issued by the Papuan New Guinean government after the ceremony's completion, the spokeswoman said.

Other partners in the PNG LNG project include Oil Search Ltd. (OSH.AU) and Santos Ltd. (STO.AU).

-By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; ross.kelly@dowjones.com
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