PNG LNG firms up $14B in financing

THE PNG LNG project partners have signed off on $US14 billion ($A15.4 billion) in financing agreements for the liquefied natural gas project in Papua New Guinea.

PNG LNG firms up $14B in financing PNG LNG firms up $14B in financing PNG LNG firms up $14B in financing PNG LNG firms up $14B in financing PNG LNG firms up $14B in financing

Partner Oil Search said this was more than sufficient to meet the estimated $US13 billion of debt required for the project which was based on the agreed 70% debt gearing.

The financing is led by $US8.

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