PNG LNG project gets $14 billion funding

摘要

US, China, Japan, other export credit banks lend $8.3 billion Singapore-The ExxonMobil-led Papua New Guinea LNG project has secured $14 billion in financing from various lenders, PNG-based Oil Search said December 16. "A total of up to $14 billion of commitments from lenders has been secured, which will be more than sufficient to meet the estimated $13 billion of debt required for the project, on an agreed 70% gearing basis," Oil Search said.