Pac LNG definition

Pac LNG means Pacific LNG Operations Ltd., a company incorporated in the Bahamas and affiliated with Clarion Finanz A.G. This company is our joint venture partner in the LNG Project (holding equal voting shares in PNG LNG), holds a 2.5% direct interest in the Elk and Antelope fields, is an IPI holder and a shareholder in PNGDV.
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Examples of Pac LNG in a sentence

  • Pricing based on the sale of a 22.8% interest in PRL 15 by Pac LNG Group Co to OSH in 2014 would be similar.

  • Outside directors Executive directors Outside directors Results of the Board of Directors’ Evaluation in FYE 2016 The Board of Directors confirmed that it needs to continue discussing whether the Board should review the Board of Directors’ structure and matters to be submitted to the Board and shift to a governance model where it focuses more on monitoring (supervision) of business execu- tion in the future.

  • Shareholders are InterOil LNG Holdings Inc., a wholly-owned subsidiary of InterOil, and Pac LNG.

  • Subsequent to the quarter end, Flex LNG shareholders have approved the transaction, part of which was the issue of options to us and Pac LNG to exercise within 15 days 11,315,080 common shares of FLEX LNG at an average strike price of 4.5909 Norwegian Kroner.

  • Based on the TOTAL PRL 15 SPA and the sale of a 22.8% interest in PRL 15 by Pac LNG Group Co to OSH in 2014, this 36.54% interest should be worth (depending on resource certification): at 10 tcfe, approximately $2.51 billion; at 12.5 tcfe, approximately $3.42 billion; at 15 tcfe, approximately $4.34 billion.

  • The PFCA and Shareholder Agreement with EWC are conditional on reaching final investment decision to proceed with the LNG plant no later than March 31, 2012.On April 11, 2011, the Company and Pac LNG executed a conditional framework agreement with FLEX LNG and Samsung Heavy Industries related to the construction and operation of a two mtpa floating LNG processing vessel.

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