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P’nyang Not Part Of Papua LNG: PM



The P’nyang project is outside the two train PNG Liquefied Natural Gas project, said Prime Minister James Marape said during question time in Parliament yesterday.


Mr Marape was responding to a questions directed to him by North Fly MP James Donald on recent publications relating to Papua LNG developer Total SA having difficulties to continue work due to certain issues.


Mr Donald pointed out that these issues require Total to include P’nyang as its expansion or integrated component which saw Total finding it difficult to develop Papua LNG. “Papua LNG encompasses PRL 15, and I’ve made it absolutely clear to those joint venture partners in PRL 15 – those that have signed (on) the gas agreement by the previous government on the 10th of April this year,” said Mr Marape.


“Let me confirm for everyone that P’nyang reserve is totally outside of what is the proposed Papua LNG project. P’nyang project is also totally outside of what is now the two-train PNG LNG.”


He said P’nyang reserve is a new reserve and the previous PRL license holder was ExxonMobil and they had the rights to the licensed area. “The two sequence of licensing time lapsed and at the moment, the P’nyang reserves are up for discussions. Our government is in the business of discussing with those (oil and gas developers) who are in our country and in the industry,” he said.


Mr Marape said if developers want to discuss P’nyang or associate stranded fields in and around and outside of what is the PNG LNG project agreement and also outside of what is the Papua LNG project agreement, then it is a new business discussion that will need to take place.


He has also assured the members of the government caucus and informed the industry, especially the three major developers (ExxonMobil PNG, Total and Oil Search), that the government under his watch will no longer give concession for P’nyang or any more projects in the future. “Papua New Guinea is no longer a green field destination.


When PNG LNG project was delivered, a US$19 billion project secured in 2008 and 2009, there was a global recession taking place in the market place and LNG investment was discussed to be clouded at that time.”


He went on to say that the PNG LNG project was a very complex project integrating five different provincial governments from the highlands to the coast but was delivered on time, within budget and is now five years in production.


“We have evidence that our country is consistently delivering a world class project in the first PNG LNG project, and I have already informed the three majors that P’nyang is not part of Papua LNG,” said Mr Marape.

Continue reading at https://postcourier.com.pg/pnyang-not-part-of-papua-lng-pm/ | Post Courier

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