LNG the name of PNG's game

LIQUEFIED natural gas developments have taken central stage in Papua New Guinea this week with the PNG LNG partners signing off on their project while the government gave the thumbs up for InterOil’s proposed project near Port Moresby.

The developments took place while the latest data out of the United States continued to show weak demand for oil.

New York's Western Texas Intermediate shed 13c to close at $US70.

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