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By Staff Reporter : PNG Today

PNG Prime Minister Peter O'Neill hails loading of 200th LNG cargo

PNG Prime Minister Peter O’Neill says the loading of the 200th shipment of liquefied natural gas is another milestone in the country’s expansion in the international LNG market.

O’Neill said PNG had earned a reputation in the past two years as a reliable supplier of LNG which augured well for the marketing of the next major LNG project.

“Papua New Guinea is becoming well known in the global energy markets for the quality of our LNG produced by ExxonMobil at the PNG LNG plant, and the reliability of our shipments,” he said.
“The Government appreciates the partnership we have with ExxonMobil that not only delivered the PNG LNG project on budget and ahead of time, but also ensured we are building the reputation we have today.
“With Total about to begin the construction phase of the Papua LNG project, expanding this market access is firmly on the horizon.”

O’Neill said investment remained strong and would continue to create jobs.
“Companies are investing in Papua New Guinea because they know that the fundamentals of our economy are strong,” he said.
“Despite current global economic headwinds, we are managing the economy and doing this with minimal effect on the delivery of essential services for the people. While we might be experiencing low energy prices at the moment, this is cyclical and global markets have been steadily rising.”

Posted by Staff Reporter : PNG Today on 8:55 PM. Filed under , , . You can follow any responses to this entry through the RSS 2.0. Share this Article


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