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hey’re buying from PNG as well. And although we hear a lot about a gas glut due to the recession, the growth in import terminals is actually heating up, not only in China…

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When discussing possible partners for InterOil’s LNG project, we invariably thought of Korea and Japan (the regio’s big LNG importers), sometimes China (for its rapidly growing energy needs and pollution problem), but there is a new kid on the block. We already mentioned it, here some more.

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This is setting new benchmarks for valuation in energy (especially LNG projects) in PNG and shows that despite the dim market conditions (to say the least), PNG’s LNG projects generate very good buyer interest and prices.

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