Corporate
Good Corporate Citizen
Liquid Niugini Gas is committed to being a responsible corporate citizen adhering to the highest international standards and regulations in its environmental management and interactions with the local community. The project aspires to operate in accordance with the Equator Principles, the international benchmark for managing social and environmental issues in project financing.
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