PNG to set aside $US174m for gas projects

THE PNG Government has approved the creation of a 500 million kina ($US174 million) gas equity trust fund to finance state participation in future PNG gas commercialisation projects.

PNG to set aside $US174m for gas projects PNG to set aside $US174m for gas projects PNG to set aside $US174m for gas projects PNG to set aside $US174m for gas projects PNG to set aside $US174m for gas projects

The trust will appropriate funds set aside in 2005 and 2006 for financing equity in the PNG-Australia gas pipeline project, which was abandoned earlier this year, the National newspaper reported.

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