Kua: Papua LNG, P’nyang will develop as separate projects

PETROLEUM Minister Kerenga Kua says the Papua LNG project and P’nyang gas project will be developed as separate projects.
He made the comments following the signing of the fiscal stability agreement for the Papua LNG project yesterday in Port Moresby.
“The Papua LNG project agreement was signed in April 2019. It’s now 22 months since that agreement was signed,” Kua said.
“One will only be wondering why such an incubation period when we should be moving into the various stages that you go through to bring the project into reality.
“The reason was that there was an opportunity to join the potential project in P’nyang with the signed Papua LNG, combine them and do them together as a joint project. So every opportunity had to be given to the development partners to explore that option. (But) after 22 months, it was felt that we should delink the two projects.
“Papua, because it is a fully executed agreement, is capable of proceeding as a stand-alone project, and P’nyang can follow at its own pace after this event.”