PNG PM, Total executives talk LNG project advancement

PNG’s Prime Minister Peter O’Neill has welcomed the commitment of Total of France to advance the Elk-Antelope liquefied natural gas project in Papua New Guinea. 

The Prime Minister received an update on the company’s national engagement from Total Executives, which included Total’s Vice-President Arnaud Breavillac, during their visit to Papua New Guinea, according to a statement by Prime Minister’s office.

Prime Minister Peter O’Neill welcomed the executives and 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 following the meeting.

“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,” he added.

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

“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,” Giullermou stated.

“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,” added Giullermou.

Press Release, October 10, 2014; Image: officeofprimeminister.com