This article is 18 years old. Images might not display.
"The K500 million allocation will go a long way in determining an economically sound debt-equity financing strategy to facilitate the state's participation in the development of LNG projects in the country," the Post-Courier newspaper quoted Petromin managing director Joshua Kalinoe as saying.
Kalinoe said Petromin would work on an equity financing strategy in consultation with the state to exercise the state's back-in rights in any LNG projects.
The K500 million gas fund will appropriate funds set aside in 2005 and 2006 for financing equity in the PNG-Australia gas pipeline project.
Senior executives from nine major Japanese coporations are currently in Port Moresby to examine opportunities for investing in LNG projects.
