PNG LNG and Papua LNG project participants are aiming to be able to put forward a development path for further LNG development expansion in the country to the new Papua New Guinea Government when it is declared.
Leading PNG gas reserves holder and a member of both groups, Oil Search Ltd, says that discussions regarding possible upstream and downstream cooperation and development options between the ExxonMobil-led PNG LNG and Total-led Papua LNG groups continue to progress, with various development concepts being reviewed.
Oil Search said various development concepts for the Papua LNG Elk-Antelope and PNG LNg P’nyang gas fields are being discussed.
The company said it believes the most likely development is based on the construction of two LNG expansion trains located at the PNG LNG Project plant site, which will benefit from utilising existing downstream infrastructure, using the existing gas resources in the Elk-Antelope and P’nyang fields.
Oil Search said that with PNG National and Local Government elections currently in full swing, the joint venture partners are working towards being in a position to present an aligned view on the development to the new PNG Government once it is formed, which is expected will be in the late third quarter/early fourth quarter.
“We believe that LNG expansion will be a key focus for the new Government, which will be seeking to see a development move forward in a timely manner,” Oil Search CEDO, Peter Botten said.