InterOil Offers PNG Gas Stakes To Ease Gov't Impasse: Report

Law360, New York (October 16, 2012, 8:14 PM EDT) -- InterOil Corp. may sell half of two of its gas fields in Papua New Guinea to the government and local residents in an effort to bust through a political stalemate that has dogged its $6 billion liquefied natural gas export project, according to media reports Tuesday.

The Wall Street Journal reported that the company had offered to sell the stakes in the Elk and Antelope fields, citing a letter sent to government officials by Liquid Niugini Gas Ltd., the InterOil unit that in 2009 signed a...
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