Speaking at the 13th PNG Mining and Petroleum Conference in Sydney, the Prime Minister, Hon Peter O’Neill CMG MP, has highlighted Papua New Guinea’s achievements in the completion of the PNG LNG project, and shared insight on future LNG project plans and expectations to make use of this capacity for power generation.
PM O’Neill made these points to around 2,000 industry delegates from 16 nations, noting that Papua New Guinea has proven any doubters wrong and set a standard for global projects to meet.
“We all know now that in many ways the PNG LNG Project sets the benchmark for the future,” the Prime Minister said in his keynote address.
“However, there must be no resting on this achievement.
“We need to move to the next stages of the development of our vast petroleum resources.
“I welcome the statement by the partners in the Elk-Antelope gas field project in the Gulf Province outlining their confidence in the project and highlighting just how massive it will be.”
“Our experience in negotiating and helping to implement the PNG LNG Project will be invaluable in this process.”
The Prime Minister said the nation now had the opportunity to expand on the benefits already being achieved from LNG.
“We want to value-add to the development of our petroleum sector and resources to the greatest possible extent,” PM O’Neill said.
“We also want domestic gas development to help the government meet its objectives to deliver affordable energy to our people, and especially our rural majority, and to our businesses and industry as well.”
The Prime Minister said there has been positive discussion with resource development companies on these issues and he anticipates ongoing progress in the months ahead.