Speaking to Reuters on Monday, NPCP’s chief financial officer said the funds would be directed towards major developments such as PNG LNG and Elk-Antelope, as well as new projects.
Robert Acevski said that after settling on a plan, the company would “go to the market to raise debt on top of [its] equity to participate in new projects.”
ExxonMobil is pushing to expand its operated PNG LNG project, in which the NPCP holds a 16.6-percent stake. The national company also has rights to take up to a 20-percent stake in the Elk-Antelope gas development, in which Total holds the majority share.
The NPCP expects to begin the campaign for financing later this year or in 2016, Aceveski said.
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