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Australia to support PNG take 5% of LNG project

AUSTRALIA's federal government is supporting Papua New Guinea's national oil company to buy a 5% stake in the PNG LNG project from Santos.

Australia to support PNG take 5% of LNG project

The government's export credit agency, Export Finance Australia, will lend PNG and Kumul Petroleum funds to pay for the acquisition.  The purchase price for the interest in the LNG project is estimated...

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