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UPDATE 3-Oil Search boosts LNG push in PNG with $2.2 bln InterOil bid

*Total to increase stake in Papua LNG. MELBOURNE, May 20- Australia's Oil Search Ltd agreed a $2.2 billion deal to acquire InterOil Corp on Friday, aiming to pave the way for two rival liquefied natural gas projects led by global majors to work together in Papua New Guinea. For Total, which will boost its stake in Papua LNG as part of the deal, the acquisition would help...

Source: Reuters

UPDATE 2-Oil Search backs LNG push in PNG with $2.2 bln InterOil bid

MELBOURNE, May 20- Australia's Oil Search Ltd agreed a $2.2 billion deal to acquire InterOil Corp on Friday in a move that could pave the way for two rival liquefied natural gas projects led by global majors to work together in Papua New Guinea. The country has the existing PNG LNG project, run by ExxonMobil Corp, and the proposed Papua LNG project, run by Total SA.

Source: Reuters