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PNG

Govt stake of PNG LNG could have Arabian finance

A GOVERNMENT source has told <I>PetroleumNews.net's</I> sister publication <i>PNGIndustryNews.net</i> a middle eastern investment group is likely to fund the PNG government's equity of the $US11 billion (K27.93 billion) PNG LNG project to the tune of $US1 billion.

Blair Price
Govt stake of PNG LNG could have Arabian finance

While not set in stone, the government's stake is expected to be about 19% once it hops on board the project, which is expected to double the nation's GDP within six years. It is understood the fund...

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