InterOil says advisors confirm receipt of bids to partner in Gulf LNG project InterOil Corporation announced that its advisors have informed the company that several bids to partner with InterOil in its Gulf LNG project have been received. The advisors are now evaluating the submissions.The InterOil Board of Directors will meet the company's advisors during March 2013 for the purpose of evaluating bids received for the development of the Gulf LNG Project utilizing gas from the Elk and Antelope fields in Papua New Guinea.
Global LNG market to rebound over longer term, says Bernstein Bernstein predicts that stronger demand and higher oil prices will cause LNG prices to exceed $10 by 2017. The firm estimates that there will be a large LNG supply deficit by 2025. It identifies BG Group (BRGYY), Shell (RDS.A), InterOil (IOC) and Inpex (IPXHY) as good ways to play this longer term trend. It keeps Outperform ratings on all the stocks named.