Marubeni set to purchase PNG LNG project stake

Monday, 14 November 2011

Marubeni Corp., the Japanese trading house with growing LNG interests, has agreed to buy a stake in the Papua New Guinea LNG project from another stakeholder in the ExxonMobil-led venture, JX Nippon Oil & Gas

Marubeni and Nippon Oil are set to sign a contract on the share transfer giving Marubeni a single-digit stake, executives said.


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