Join MikeLigalig.com!

Why Just Read When You Can Join, Post, and Read!

US News | UPDATE 1-Exxon's PNG LNG project cost balloon to $19 bln

Started by 4peace, November 12, 2012, 02:00:18 PM

Previous topic - Next topic

4peace

UPDATE 1-Exxon's PNG LNG project cost balloon to $19 bln

SYDNEY, Nov 12 (Reuters) - The cost of Exxon Mobil's
massive gas export project in Papua New Guinea will soar more
than 20 percent to $19 billion due to foreign exchange impacts
and delays from work stoppages and land access issues, but it is
still expected to start in 2014.

Source: UPDATE 1-Exxon's PNG LNG project cost balloon to $19 bln