Mining Tycoon Palmer Says PNG Gas Project Looking at LNG Sales

Australian mining magnate Clive Palmer is considering exporting liquefied natural gas from his potential $8 billion gas project in Papua New Guinea.

A study of the project’s economics is due by August, Palmer, who’s also a national lawmaker, said today after a speech in Sydney. A seismic survey, used to find underwater oil and gas deposits, has finished, he said.