Benefits
Benefits
Report prepared by Focus Economics for Liquid Niugini Gas:
An independent report prepared by Focus Economics for Liquid Niugini Gas identified ground breaking potential economic benefits for Papua New Guinea as a result of the Project. Not only will it see jobs flow to local workers during construction and operation, but payments to government can fund public infrastructure and community services such as education and health, and provide income to land owners.
The report estimated that our LNG project may contribute in the order of 15 to 20 percent of Papua New Guinea's gross domestic product by 2020.
For more information, read the executive summary.

Our progress
- Bechtel selected as FEED/EPC contractor and ConocoPhillips Process Technology chosen for the plant design > more
- EIS process underway
- PNG Prime Minister, Sir Michael Somare, expresses his enthusiasm for the benefits the Liquid Niugini Gas project will bring to his country > more
- FEED/EPC shortlist announced
- Shareholder Agreement signed
- Financing strategy being pursued led by Merrill Lynch, supported by Taylor-DeJongh
- Second phase of shipping strategy through Merrill Lynch underway
- Pre-basis of the Engineering Design study and a sound project definition now complete
- Further well appraisal underway
- InterOil announced the Elk gas discovery (100+ MMSCFGPD), immediately followed by an appraisal well and seismic shoot
- Memorandum of Understanding signed in September 2006 with the PNG Government. Project Agreement negotiations underway
- Management Team in place

