InterOil Sifting Through Bids For JV On $6B LNG Project

Law360, New York (March 1, 2013, 3:53 PM EST) -- InterOil Corp. has received several bids from companies looking to partner with it on a $6 billion liquefied natural gas export project in Papua New Guinea, and is currently evaluating the proposals, the company said Friday.

To comply with a recent conditional approval granted by Papua New Guinea officials, InterOil has been on the hunt for a well-known international company to operate the proposed facilities. Formalizing a partnership will be a key step towards getting the project off the ground, and comes after several months of...
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