BMI View: Rising interest in Papua New Guinea’s gas potential is supporting investment from major upstream players. With the first liquefied natural gas (LNG) project, PNG LNG, due to come online in 2014, PNG is set to become a player in the global LNG market. The project may be just the beginning, with progress on the Gulf LNG project towards securing a major partner and Talisman Energy suggesting it may already have the resources to underpin a third LNG project in PNG. While the country’s gas outlook is bullish, liquids will enjoy some upside from condensate produced in the PNG …
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