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PNG welcomes Total commitment to LNG project

LNG Industry,

The Prime Minister Hon. Peter O’Neill has welcomed the commitment of Total to advance to Elk-Antelope LNG project in Papua New Guinea.

The PM received an update on Total’s national engagement from company executives, which included Total’s VP Arnaud Breavillac, during their visit to Papua New Guinea.

Welcoming the executives, O’Neill expressed his appreciation that the LNG project in the Elk-Antelope gas fields is on track. He noted that the revised sales and purchase agreement between InterOil and Total in March this year paves the way for Total to bring its considerable LNG expertise to develop PNG’s second LNG project.

“Progress on Elk-Antelope gas fields in the East Papuan Basin is being made and Total is committed to working with the government, joint venture partners and stakeholders,” the Prime Minister said.

“Total is one of the largest integrated oil and gas companies in the world and has employees with expertise covering the broad spectrum of oil and gas industry activities.”

In a joint press statement released by Total and InterOil, following the signing the revised sales and purchase agreement in March, Total Exploration and Production Senior VP, Jean-Marie Guillermou said the agreement allows the joint venture to proceed with confidence.

Giullermou stated: “Elk-Antelope is a significant project in Total’s global portfolio and our presence in Papua New Guinea provides an ideal opportunity to grow our business in the Asia-Pacific region.

“We have a strong relationship with our joint ventures and strong support from the Papua New Guinea Government, and we now look forward to leading the development of the LNG Project.”

Joint venture partners for the Elk-Antelope LNG project are Total, InterOil, Oil Search and the government of Papua New Guinea.

Adapted from press release by Katie Woodward

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