“The third train of LNG is the next major economic development project for our nation, and will employ ten thousand workers in the construction phase,” Mr O’Neill says.
“We have to keep moving forward with the next phase of this project, as agreed with the Total and partners, so that we reach project milestones on time and the economic benefits of the project can be realised.”
Mr O’Neill says the government stands ready to move ahead with preparatory work, including ensuring regulatory requirements are met and processed, and environment studies are undertaken.
A FURTHER BOOST PNG’S GDP
Oil Search Managing Director Peter Botten says the Papua LNG Project has the potential to have a similar impact on PNG’s gross domestic product and export revenues as the PNG LNG Project.
“This would result in a significant boost to economic activity and opportunities for the people of PNG, particularly in the Gulf Province, where the wells, onshore pipeline and CPF are located,” Mr Botten told Gas Today.
“Pushing this project to the earliest practicable final investment decision (FID) remains one of Oil Search’s highest priorities.”