PNG confident vast LNG project will go ahead.
Papua New Guinea's petroleum minister on Wednesday brushed aside claims that a multi-billion-dollar liquefied natural gas project was struggling to secure funding, telling AFP he had received assurances from partner TotalEnergies that things are on track.
Petroleum Minister Jimmy Maladina said the French energy giant was "very comfortable" about securing funding for the roughly US$12 billion Papua LNG project, despite European banks' increased reluctance to fund new fossil fuel projects.
Papua New Guinea confident vast LNG project will go ahead (zawya.com)