25 April 2024
JX Nippon Oil & Gas to sell stake in Papua New Guinea LNG project
Publication date: 14 November 2011
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JX Nippon Oil & Gas will sell a visual_editor1% stake in Merlin Petroleum – which holds a 4.7% stake in the $15 billion Papua New Guinea LNG project – to trading house Marubeni Corp, according to Japanese media reports on Monday. A contract for the share transfer will be signed with Marubeni to pay $visual_editor98 million for the stake in the 6.6 mtpa LNG project, due to come online in visual_editor014.