Deputy Prime Minister Sam Basil met with Total Chairman and CEO Patrick Pouyanné and discussed the Papua LNG project timetable as well as a potential investment in new petroleum prospecting licenses in Papua New Guinea.
In a statement, Basil said, “Mr Pouyanné expressed his appreciation for the ongoing efforts by the Marape-Basil Government and confirmed Total is committed to completing Pre FEED and the national content plan in 2021, launching FEED in early 2022 and the Final Investment Decision by 2023”.
“To secure commitments it is of the utmost importance for our Government delegation to meet with the Total Chairman and CEO face to face, as well as the French Government to stress the importance of the Papua LNG project to the nation of.”
Basil said that the government has promised complete support for the project and that he is satisfied with the results of the talks, which culminated in consistent development plans and timelines.
Pouyanné reiterated Total's contribution to delivering this critical resource project in Papua New Guinea following the conference.
Pouyanné understood the Marape-Basil government's worries about ensuring greater local engagement, habitat restoration, and environmental protection.
“It was agreed that Total and PNG Authorities will cooperate to create significant in-country value and to implement the Papua LNG project in an exemplary manner. It will also take into the highest consideration crucial biodiversity concerns, carbon dioxide emissions and environmental matters at hand, as well as the rights of local communities,” according to Mr Basil.
“The Marape-Basil Government has made our National position clear throughout negotiations, and through the frankness of our discussions we will see stronger economic growth for our country through this USD$ 13 Billion dollar (KINA 46 Billion) CAPEX investment by TOTAL SE and Joint Venture partners.”