PNG LNG takes a giant leap
“Nothing this big has ever been done before in Papua New Guinea,” Charles Andrews, the Asian Development Bank’s PNG country director, says of the Exxon Mobil-led pioneering PNG LNG project, which reached FID on December 8, 2009. The $15 billion project should double the GDP of Papua New Guinea and increase its export revenues three-fold when it goes online in 2014, drastically re-shaping the economy of the remote, single B-credit rated country.
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