InterOil announced in December 2009 that the PNG government, through the National Executive Council, had approved its plans for the construction of a liquefied natural gas (LNG) plant.

InterOil says the $7 billion LNG project will be developed with its joint venture partners, which include Pacific LNG Operations and the government of Papua New Guinea (through its nominee Petromin PNG Holdings)

 

Project Details: 

According to InterOil the project will involve a two-train LNG facility, with each train capable of producing approximately 4 million tons of LNG per annum. First production of LNG is projected towards the end of 2014 or beginning of 2015, although InterOil says it is progressing a proposed liquids stripping plant, to be located in Gulf Province, in late 2011 or early 2012. The project will use natural gas resources from the Elk/Antelope field. The natural gas will be treated at a conditioning plant in the Gulf Province and then transported to the proposed LNG plant site near the company's existing refinery at Napa Napa outside Port Moresby.

Controversy

Is InterOil genuine or just a stock market scam?

The financial media and commentators are divided over whether InterOil is genuine about its oil and gas discoveries or whether they are just part of a massive scam.

You can read more about both sides of the issue in The Long Controversial Life of InterOil and Major Momentum or just a Castle in the Air

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News

LNG Project Go-ahead Boosts InterOil

Source: 
The National

InterOil Unveils New Gas Find

Source: 
The National

Sir Moi: Don’t stop LNG work

Source: 
The National

PNG Cabinet approves InterOil's Gulf LNG project

Source: 
Your Oil and Gas News

PNG Government Seeks 50% Stake in LNG Project

Source: 
Australia Network News

Mendi Airport to Be Relocated

Source: 
Post Courier

P’nyang Gas Eyed For LNG Plant Expansion

Source: 
The National

Illegal Trade at LNG Site

Source: 
Post Courier

Laba landowner group refutes claims in media

Source: 
The National

US$100 Million Loan Facility

Source: 
The National