EXTRACT FROM RELATED ARTICLE: Now that it is out in the open, the story in The Sunday Chronicle is actually very damaging for Shell…
(Is Shell Trying To Muscle Into InterOil’s LNG Project?)
Sunday September 25, 2011
THE O’Neill-Namah government has moved into damage control mode for the second LNG project development in Gulf Province.
Meetings are to be scheduled over the next seven days to avert sending out a potentially damaging sovereign risk signal to the foreign investment community. The move will also distance the government from the stigma of a potentially corrupt inducement money totalling $US100 million promised by a multi-national company to shaft the second LNG developer.
