DENPASAR, Indonesia -- Strong growth in gas demand from China is set to trigger a new round of major investment in Papua New Guinea, which urgently needs a financial boost.
ExxonMobil of the U.S. and Total of France, two oil supermajors, along with Oil Search of Australia, are likely to give the go-ahead by next year for more than $6 billion-worth of additional liquefied natural gas export capacity in the resource-rich South Pacific nation.
