Photo credit: Santos Ltd.
Prime Minister James Marape stated that the State Negotiating Team is now working on a gas agreement for P'nyang.
Following the State Negotiating Team's recent travel to Houston, Texas, Ivijitari Member Richard Masere asked Marape to offer an update on the Papua and P'nyang gas projects.
Masere inquired whether the Prime Minister could offer an update on the two projects' start dates and the advantages they will bring to the country.
When responding, Marape stated that the P'nyang project has yet to get off the ground because the state negotiating team is still working through the details of the agreements to ensure that the legal provisions are in place, that the project is legal, and that it is operating within the laws of this country.
“The state negotiating team are working to ensure the gas agreement is delivered to the investors on what we want,” he said.
From 2024 to 2030, he estimated that both Papua and P'nyang will take about seven to eight years to build.
“Papua LNG is at the pre-FEED and FEED stage. They (TOTAL) have given indication to me that the FEED would be if not completed by the end of 2023, the latest would be around 2024.
When FEED is completed, the project is good to go now and so based on the Front End Engineering Design of the project proponents then mobilise the capital. We will then be able to fully understand the size or scope of the project,” Marape said.
Reference: Post-Courier (19 November 2021). “Gas Agreement Under Way For P’nyang”.
