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Project Insights

Papua LNG timing in limbo as delay concerns mount

The JV partners are keen to get moving to avoid falling behind competitors, but the government has seen an opportunity to improve terms and may be willing to risk a slippage The JV partners are keen to get moving to avoid falling behind competitors, but the government has seen an opportunity to improve terms and may be willing to risk a slippage.
By Sally Bogle 20 August 2019 Asia Pacific / Supply & Demand 0 34504
Former PNG Prime Minister Peter O'Neill arrives in Beijing for the Second Belt and Road Forum in April. (PA)

A delegation from Papua New Guinea’s new government will hold talks this week and next with Total on neutral ground in Singapore as the Pacific nation looks to extract more value from the Papua LNG gas agreement signed by former Prime Minister Peter O’Neill in April. But delaying the project could put it behind competitors, meaning all parties would lose out.

The talks were triggered by PNG’s recently elected administration, led by new Prime Minister James Marape. Marape initially said he would stand by the April...