From half yearly report 28/2/2013: On 2 February 2011 we entered into a conditional binding funding and construction agreement with Liquid Niugini Gas Limited, S.P.I. (208) Limited and LNGL Train 1 Limited and a shareholders’ agreement with Liquid Niugini Gas Limited and LNGL Train 1 Limited for the development of an LNG liquefaction, storage and export facility in Gulf Province, Papua New Guinea. The proposal includes the construction of a 3 MTPA LNG liquefaction facility, using our modular LNG trains, and a 150 MW gas-fuelled combined cycle power plant. This agreement has been extended by mutual consent until
30 June 2013.
EWC Price at posting:
42.0¢ Sentiment: Hold Disclosure: Held