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News Breaks | | | | October 16, 2012 | | 07:48 EDT |  | IOC | New InterOil offer may end LNG dispute with Papua New Guinea, DJ Newswires says
A joint venture led by InterOil (IOC) called Liquid Niugini Gas has offered to overhaul the venture's ownership of the Elk and Antelope gas fields and secure a breakthrough in a dispute with Papua New Guinea to develop a major LNG project, according to the Wall Street Journal. Since the agreement was signed in 2009, the sides have clashed several times over the design of the venture. In May, the government threatened to terminate the agreement, which set off a new round of talks. Reference Link | |
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