PNG LNG gets added funding

Esso Highlands Ltd. has arranged financing of an added $1.5 billion for the PNG (Papua New Guinea) LNG Project.

Offshore staff

SYDNEY, Australia – Esso Highlands Ltd. has arranged financing of an added $1.5 billion for the PNG (Papua New Guinea) LNG Project.

The projectremains on schedule for first deliveries next year, said partner Oil Search in announcing the funding.

The estimated total cost of the project is $19 billion.

10/04/13

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