Kua Welcomes Puma Energy For Talks On Papua Gas Deal
Petroleum Minister Kerenga Kua has invited Puma Energy for a round table talks on how they should go about deploying the 5 per cent stake in the Papua Gas Agreement for domestic use.
During the re-commissioning of the Puma Energy Napa Napa refinery last week, Mr Kua said there is provision for 5 per cent of the gas production to be made available for domestic use. “That is the provision been made but whether that is enough to fuel all our domestic needs I have no idea, and as to how we will deploy that five per cent when it is actually curved out to us- needs a lot of work to be done,” he said.
Mr Kua said I think that’s where Puma Energy can also play a role; we needed to have a conversation. My department and your company – we need to have a conversation about what role you can play when it comes to us deploying that five per cent to the use of this country. “That is because you have the network, you have the refining facility and all the stars are probably aligned in your company,” he said.
“And so we need to have a conversation, we need to talk about that because I need some of your advice.” Mr Kua said in the discussion they will also be asking that when we get this five percent the price in the Papua LNG project was already fixed for us but, in any subsequent projects that we commissioned, we would like them to make available raw material in cheaper price.
“Hence, we intent to pass on to domestic refineries for domestic uses so that the benefit of the reduced prices passed on down the chain to all our stake holders in the country,” he said.
“So that hopefully the cheap energy can be the fuel for overall growth and development in this country so we are in that space.”
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