Country has more resources: Marape

The National Business
Internal Revenue Commission commissioner-general Sam Koim (left) having a discussion with Mineral Resources Development Company managing director Augustine Mano.

By SHIRLEY MAULUDU
PRIME Minister James Marape says the country has enough gas resources for additional trains.
He said that following the signing of the fiscal stability agreement for the Papua LNG project in Port Moresby on Tuesday.
“The country has additional proven resources enough for one or two more trains,” he said.

Total E&P PNG Ltd managing director Jean-Marc Noiray (left) speaking with Prime Minister James Marape.

“There are possibilities out there.”
Marape said there was market availability for products from the LNG resource.
“From where I see it, the State will do everything possible to ensure we also market our resources,” he said.
“We also have strategic bilateral partners who are great consumers in energy consumption.

Oil Search country manager Leon Buskens (left) with secretary to Prime Minister’s Department and National Executive Council Ivan Pomaleu.

“Japan, the number one LNG consumer who is now our traditional, or in fact, our foundation, customer as far as PNG LNG is concerned.
“The biggest LNG consumer is Japan, but the one emerging and that may take over Japan is China.
“PNG will do everything possible to ensure our market is secured.
“In this Papua LNG, the joint venture partners will sell their own product.

From left: Energy Minister Saki Soloma, Central Governor Robert Agarobe with Prime Minister James Marape at Government House for the signing on Tuesday.

“We appreciate Total, your partnership with Kumul (Petroleum Holdings Ltd), and we will try our best to ensure we link up to possible markets for buyers for the LNG products.
“Let me thank Total for your leadership.
“Let me also thank ExxonMobil and Oil Search to ensure that behind the scene support is rendered for us to progress this one.”
Meanwhile, Marap said the production of gas for this project would see it produce about 5.4 million to 5.8 million tonnes of gas annually.
“For PNG LNG, we are producing about 8 million tonnes of gas a year,” he said.

6 comments

  • Its time for Gulf Province and its People to reap the benefits of Papua LNG and improve their Province and livelihood. Thank youTotal

  • Yes, but if only they inclusively come together to recognise every clans and tribes and not leaving anyone out. Courts system should recognise selfish greedy people and punish them accordingly which should deter such attitude. Minority clans must be maintained as MINORITY and not gave selfish people try to change their status all of a sudden due to greed.

  • Yes yes its time for Gulf people to rip this gas benifits and lets get them out of the streets of Port Moresby , young and old and do some thing good just once for Gulf Province. This action will be a great example for other rich provinces to follow . This is one way to take back PNG and get our youth and people to go back home and work their own land , think of the pride you do for your provinces

  • If I’m correct we have 3 very powerful developers to boost this 3 areas 1 Papua LNG 2, Pasca A gas condensator floating platform and 3 IHU Special Economic Zone.
    With this boom PNG is at billion kina benchmark. Revenue will totally be different unbelievable… Thank you all for support

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