Anthony Latimer, Norton Rose Fulbright
Papua New Guinea has become big business news lately, as resource-rich gas fields open up for development. Norton’s Anthony Latimer has had a key hand in this, advising the PNG government on its purchase of $1.2bn in Oil Search Ltd shares. The PNG government has purchased the shares as it seeks to develop the PNG LNG project, which aims to produce almost seven million tonnes of liquefied natural gas to export around the globe. The project is expected to deliver its first gas by mid-year, with 20% economic growth forecast in 2015 if all goes according to plan.
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