(EnergyAsia, December 23, Wednesday) — The consortium developing Papua New Guinea’s 6.6-million-ton-per-year liquefied natural gas (LNG) project has secured financing worth US$14 billion from various lending agencies and financial institutions. Australia’s Oil Search Limited, a 29% participant in the consortium, said this amount exceeds the estimated US$13 billion of debt required for the project on…
PAPUA NEW GUINEA: Consortium secure $14 billion financing for LNG project
Posted on December 22, 2009 by EnergyAsia