HZN 3.45% 14.0¢ horizon oil limited

Japanese Companies Keen To Invest In PNG Petrochemical Industry

  1. 207 Posts.
    - However, Duban said the supply of cheap gas would be a problem for the sector.  

    “We’ve got Sojitz who is carrying our feasibility study but the issues are stuck with the supply of
    gas which they are not able to secure,” he said.

    “I think once we go into middle of 2015, I’m very sure that we will find a way forward for some of those companies.

    “They have a choice, they don’t need to restrict themselves to the park.

    “They can go and negotiate 15% with operators of Elk – Antelope, they can have that petrochemical somewhere in Gulf, or Western province.”

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