RPT-UPDATE 1-Papua New Guinea approves InterOil LNG project, raises stake to 50 pct
Posted on November 18, 2012 at 15:27 PM EST
PERTH, Nov 16 (Reuters) - InterOil Corp said the Papua New Guinea government will take a 50 percent stake in the company's $6 billion liquefied natural gas plant, which received approval from the Pacific island nation's cabinet on Friday after months of negotiations.