Papua New Guinea in advanced talks with Chinese banks SYDNEY, Dec 11 (Reuters) - Papua New Guinea's state-owned petroleum company is in advanced talks with Chinese banks to help fund its stakes in the two major liquefied natural gas (LNG) projects in the country, a senior executive said on Monday.
Kumul Petroleum is holding talks with banks in the U.S., Europe and Australia, but its managing director Wapu Sonk said talks with Chinese banks had gone further as they had fewer concerns around fossil fuel development. Papua New Guinea in advanced talks with Chinese banks to fund its stakes in LNG megaprojects | Reuters