• PNG Business News

Total Team to Visit PNG This Week

Total senior management team will be in the country this week to talk about the next steps in the Papua LNG Project.

According to Petroleum Minister Kerenga Kua, the meeting between the government and the developer of this project had been planned last week but there were delays on clearances and protocols. They are to arrive this week.

The announcements for this project will be made on December 17.

Meanwhile, Prime Minister James Marape said that other groups such as the Oil Search Ltd and the ExxonMobil PNG would be attending the discussion to further the project into the next segment.

Marape said that the meeting between the government and Total was for the latter to “to tell us the exact timeline of the Papua LNG project”.

“The economy should be happy and excited that Papua LNG hasn’t been scraped off as far as direct foreign investment is concerned,” he said.

To start the project next year, Kumul Petroleum Holdings Ltd also hopes to work with the developer of the Papua LNG Project. According to managing director Wapu Sonk, they would like to start work on the front-end engineering design work and the financing and marketing work of the liquefied natural gas.

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