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

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

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4peace

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

SYDNEY, Nov 12 (Reuters) - Exxon Mobil said the cost
of its gas export project in Papua New Guinea will soar to $19
billion from $15.7 billion due to foreign exchange impacts and
delays from work stoppages and land access issues.

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