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+--- Thread: NEC Approval (/showthread.php?tid=1987)
NEC Approval - Justin94360 - 11-15-2012
#PNG PM O'Neill says cabinet's approved a 50/50 Gulf LNG project with #InterOil to develop the Elk/Antelope gas fields.
RE: NEC Approval - warrenkj - 11-15-2012
'Justin94360' pid='12506' datel Wrote:
#PNG PM O'Neill says cabinet's approved a 50/50 Gulf LNG project with#InterOil to develop the Elk/Antelope gas fields.
So the WSJ article had some truth in it. Interesting!
"O'Neill says state will acquire 50% equity in project & cabinet's approved conditional withdrawal of notice to terminate project agreement."
RE: NEC Approval - Petrovale - 11-15-2012
Liam Fox @liamfoxpng
O'Neill says a team of bureaucrats will negotiate the 50/50 deal with #InterOil and report back by the end of the month.
RE: NEC Approval - Tree - 11-15-2012
Huh,
Like a match, the deal is struck. Maybe there will be fuel added today.
Sounds kinda irrevocable.
Let's see how the hypothetical turns out today.
RE: NEC Approval - jft310 - 11-15-2012
List of qualified bidders?
FID by year end?
Anything else??
RE: NEC Approval - Tree - 11-15-2012
PNGreport @PNGReport
@liamfoxpng 50% stake probably = at least $US3B or 6.2 billion kina.
Liam Fox @liamfoxpng
@PNGReport nope, no details on how the govt is going to pay for it.
Ooooh Noooo! Mr. Market won't be happy!!!
RE: NEC Approval - ebster123 - 11-15-2012
Tree, remember rule number 1
