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Exxon Mobil Corp Secures Extra $1.5 Billion Financing For PNG LNG-Reuters


Thursday, 3 Oct 2013 10:26pm EDT 

Reuters reported that Exxon Mobil Corp has secured an additional $1.5 billion in debt financing for its $19 billion Papua New Guinea liquefied natural gas (LNG) project. The $1.5 billion in supplemental financing will help cover overruns at the 6.9 million tonne per year LNG development, where costs climbed to $19 billion from $15.7 billion late last year. 

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