InterOil delays Gulf LNG investment decision

Rescheduling: InterOil and Mistui put back decision on condensate stripper project

Canadian independent InterOil has further delayed the final investment decision on the condensate stripping project element of its complex Gulf LNG liquefied natural gas project in Papua New Guinea.

InterOil said on Friday it had agreed with joint venture partner Mitsui to push back the deadline to 31 December, having most recently extended the final date to 30 June.

The FID had earlier been expected by March 2012 and by the end of 2011 before being extended.

The project - owned by InterOil and Pacific LNG – is divided into the three parts: the condensate stripping project, a mid-size LNG plant in partnership with Australia’s Energy World Corporation and a floating LNG project together with Flex LNG and Samsung Heavy Industries.

The LNG…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index