Marape on gas talks: what's next

THE Papua New Guinea government media office released a statement about the continuing stalemate over the stalled gas agreement with ExxonMobil yesterday afternoon.
Marape on gas talks: what's next Marape on gas talks: what's next Marape on gas talks: what's next Marape on gas talks: what's next Marape on gas talks: what's next

Prime Minister James Marape

Staff Reporter

The statement, published on Prime Minister James Marape's Facebook page, said he would "like to inform the nation and all stakeholders on what happens after the stalemate and the P'Nyang negotiations between State Negotiation Team (SNT) and ExxonMobil".
 
"It is no secret that Prime Minister Marape is not pleased with lack of interest shown by ExxonMobil to migrate towards a mid-point in which State takes home a better deal instead of terms similar to concession-based gas agreements PNG has signed with Exxon and partners for PNG LNG and Total and partners for Papua LNG," the statement said.
 
"In the meantime, I call upon Exxon and Oil Search not to hold the Total project to ransom and work with Total to deliver Papua LNG. You are beneficiaries of concessions previous governments have given and if you model the project to be uneconomical then don't push it, let's leave the gas in my land and you develop Papua plus furthering work in PNG LNG," Marape said.
 
"After SNT and Exxon presents to the Ministerial Gas Committee, cabinet will decide on P'Nyang and we will shift focus to Wafi-Golpu , Porgera, Pasca gas plus other resources sectors so life in PNG is not only dependent on P'Nyang plus gas resources," he said.
 
Marpe added that both Mining and Petroleum ministers "will be bringing reforms to the mining and oil and gas acts through an enabling organic law this year".

 

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