26 April 2024
Japan trade ministry to sell PNG LNG stake
Publication date: 11 March 2011
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Japan's trade ministry has tendered to sell its stake in the Papua New Guinea LNG venture. The government holds a 62% stake in Merlin Petroleum, a joint venture with JX Holdings and Mitsubishi Corp that holds a 4.7% stake in the PNG LNG project. The tender closes on March 31.