Home › Oil Search to reap PNG LNG cash flows as project deemed complete
 

Keywords :   


Oil Search to reap PNG LNG cash flows as project deemed complete

2015-02-06 08:38:10| Energy - Topix.net

Oil Search is set to enjoy a bounty of more than $US800 million to redirect toward LNG expansion after the $US19 billion Papua New Guinea liquefied natural gas project was deemed financially "complete" for its lenders. Some $US700 million of the total is Oil Search's first share of cash flows from the project since it began production eight months ago while the rest is the funds held in escrow to satisfy the company's lenders that will now be released.

Tags: search complete project cash

Category:Energy and Environment

Latest from this category

All news
06.05WasteExpo 2024 Day One Preview: Welcome to Vegas!
06.05Brigade Electronics to Bring Virtual Reality to Its Stand at WasteExpo 2024
06.05The Story of a Sustainable Future: e2AS
06.05Biomaxs Rapid Thermophilic Digester Brings Tech to Organic Waste
06.05Keter Environmental Services and Waste Harmonics Name Bob Boucher as CEO
03.05This Week in Waste: Top Stories April 29 May 2, 2024
03.05FCC Environmental Services Expands Midwest Presence, Compressed Natural Gas Operations
03.05Walmart to use Generative AI to Help Reduce Food Waste in Stores
Energy and Environment »
06.05EltaMD Unveils Patent-Pending Innovation with Major League Pickleball Sponsorship on Melanoma ...
06.05Perfect Corp. Unveils Unique Beautiful AI Brand Solutions at Viva Technology 2024
06.05FTA announces 2024 awards winners
06.05XSYS launches Catena ProServX
06.05Strong first quarter for U.S. pork exports, bright spots for U.S. beef
06.05Strong first quarter for U.S. pork exports, bright spots for U.S. beef
06.05Cosmo International Fragrances Debuts US Fragrance Accelerator
06.05Olive & June Introduce New Mani Minimalist/Maximalist Press-On Nail Collections
More »