New InterOil (IOC) CEO Michael Hession says he wants to keep open the option of building a new...

|About: InterOil Corporation (IOC)|By:, SA News Editor

New InterOil (IOC) CEO Michael Hession says he wants to keep open the option of building a new gas-export plant in Papua New Guinea, potentially putting it at odds with Exxon's (XOM) plan to expand an existing project there. "I'm coming onboard to build InterOil into a true LNG player. So it's not my intention that we do a sale without carrying forward any interest in this project," says Hession, who takes the reins today.