Sheikh’s Debt Deal for Exxon LNG Stake May Prompt Offers: Energy - Bloomberg:
"A convertible debt deal struck during the 2008 financial crisis led by billionaire Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi is set to trigger a contest for a slice of a $19 billion natural gas project.
The export terminal being built by Exxon Mobil Corp. (XOM) is in Papua New Guinea, one of the world’s poorest nations, which now wants to buy back the debt before it becomes equity for Abu Dhabi. The project is forecast to double the local economy with global LNG demand estimated to rise twofold by 2025."
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