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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Profile/New Launches

LNG funds for PNG’s sovereign wealth fund: Treasuer Polye

Posted on 26 February 2014

Papua New Guinea Treasury Minister Don Polye has stated that all proceeds from the sale of the liquefied natural gas (LNG) Project will go directly into the Sovereign Wealth Fund.
“I would like to assure the people of Papua New Guinea that all proceeds of LNG will go directly into the SWF and I mean 100% of it. The first sale of the LNG will begin this year and the projected growth of the economy will be roughly approximately valued around K52 billion (US$20 billion) when the first proceeds of the sales of LNG start coming in………………………………………..Full Article: Source


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