InterOil and Shell: The Next Big LNG Story?
Jul 27th 2012 11:53AM
Updated Jul 27th 2012 11:56AM
Today, analyst Joel South will discuss Royal Dutch Shell's potential interest in 25% of InterOil's operations in Papua New Guinea. Shell recently backed out of a deal with Cove Energy, stating better deals can be found elsewhere. InterOil could very well be this better option with 3.9 million acres and estimates of 9.4 Tcf of natural gas available in close proximity to the lucrative Pacific-Asian market. With Cheniere Energy garnering the only license in the continental United States to export LNG, large energy firms have been seeking LNG assets all over the global. InterOil has been searching for a partner for financing and political reasons, and Shell might be the companion it needs to take operations to the next level.
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The article InterOil and Shell: The Next Big LNG Story? originally appeared on Fool.com.Joel South owns shares of ExxonMobil. The Motley Fool owns shares of ExxonMobil. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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