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PNG lookin out for #1
#1

And that can be a good thing in a competetive marketplace.

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PNG dumps regional solidarity to save its tuna exports to Europe

By Online Editor
3:48 pm GMT+12, 15/11/2013, Fiji

By Samisoni Pareti

More than a decade of negotiations for a free trade agreement between the Pacific members of the African, Caribbean and Pacific (PACP) states and the European Union (EU) came to naught in Brussels last month.
 
Officially, the European Commission (EC)—the secretariat of the EU—told the Pacific government officials the Economic Partnership Agreement (EPA) negotiations have been suspended “sine die”. The EC blamed the suspension on Papua New Guinea. Brussels said Port Moresby has opted out of the Pacific ACP shared position that EPA negotiations with the EU would be negotiated regionally. Instead, PNG wanted to do it alone, preferring to stick with the interim EPA (IEPA) it had signed in 2009 and ratified in 2011. In this way, PNG says it is protecting its multi-million dollar tuna exports to Europe. This is not the first time the Pacific’s biggest member has let its smaller neighbours down. It first happened in 2009 when all Pacific members of the ACP had agreed for a common regional position on the EPA and that they should reject IEPA negotiations but go for a comprehensive one. PNG instead went behind the back of its Pacific islands neighbours and secretly negotiated an IEPA which gave duty-free and quota-free of its tuna to the European market.
 
Red-faced Pacific officials
 
Then, the Pacific’s second largest economy Fiji followed suit, agreeing to break off from the regional solidarity and joined PNG in signing an IEPA with Brussels. The Fijian Government, however, made a turnaround soon after and despite insistence by the EC, refused to ratify its IEPA. Last month in Brussels, Fiji did not follow its Melanesian neighbour, preferring instead to stick with the regional position. Pacific government officials who were in Brussels in October for meetings with EC officials said the PNG turnaround left many islands officials red-faced. Port Moresby, they said, did not offer even their Pacific islands colleagues the courtesy of informing them of their changed position. It was the EC officials who had to break the news. Confronted later, PNG officials said they had to stick with their IEPA with the EU, or they will lose the much sought-after global sourcing provisions in the interim agreement. Many observers of regional trade negotiations won’t be surprised by the PNG move. It has been long understood that PNG was the weak link, because when push comes to shove, when national interests clash with regional interests, PNG will opt for the former. Brussels had also not made a secret of its insistence that Pacific members of the ACP bloc should opt for an IEPA, not a comprehensive one. So with the EPA negotiations now suspended, where to from now? “Our Pacific Ministers have met (in Brussels) and decided to regroup in the region (Fisheries/Trade) and see where to go from here,” a senior Pacific official told ISLANDS BUSINESS. Exactly where the ministers would want to go, no one seems to know. Another official suggested that with the EPA talks suspended, Pacific officials should direct more energy and focus on negotiations with Australia and New Zealand for a PACER Plus. Brussels’ decision to call off EPA negotiations came as the European Parliament adopted its strategy on Pacific fishery on October 8. The strategy confirmed what this magazine had reported in its August 2013 edition. This motion insists that access to fishing waters of Pacific states must be part of any EPA negotiations; that it be negotiated regionally and access be offered to EU fishing boats bilaterally by Pacific ACP states. In adopting their new strategy, the EU Parliament rejected the insistence of Pacific islands states that the proposed EPA is about trade and development, and not a fishery treaty negotiation.

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#2
Hmmm Brussels. Isn't that where Kalinoe is now? Yes.
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#3
Thanks for that Palm.
IOC's best interests in these deals define PNG's best interests in the partnership. Crappy deal for IOC, crappy deal for PNG.
Wouldn't that be something if IOC/PNG acts in their best interests in exactly how PRL15 and 237 resources are dedicated?
No Aha here, but best interests would include PNG LNG expansion of a couple of trains as well as a greenfield Gulf LNG Project, with a SM leading the way. Best interests in Gulf would include factors as

1) speed of project delivery
2) best ROI for partners
3) Involved nameplate SM
4) lowest cost construction
5) expansion increments which are easy to sell and finance

Doesn't sound like a large stick built plant in the Gulf, if the Gulf has a project.
If only there was an LNG scheme that could deliver all 5.

Depending on who that SM is it would greatly simplify the Upstream operations.
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#4
Thanks fir that Tree.
EWC being on slide 19 could not be a mistake or an old map. The base camps and staging areas were new info. Don't forget how close Kavo has been to Stewart Elliott all of these years and I have it on good source that Mr E has been in PNG. Kavo suddenly smiling broadly at the groundbreaking the other day and while mentionng the coming of the 2nd LNG project could be a sign that a supermajor will be the overall operator but EWC may be in for something similar to Indon. LNG and a power plant like the plans Phil and Henry laid out. They're so dumb.
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#5
Josh Kalinoe have his hand out.??How could that ever be true.
EWC hits the nail on 1,2,4 and 5.
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#6

'Palm' pid='31925' datel Wrote:Thanks fir that Tree. EWC being on slide 19 could not be a mistake or an old map. The base camps and staging areas were new info. Don't forget how close Kavo has been to Stewart Elliott all of these years and I have it on good source that Mr E has been in PNG. Kavo suddenly smiling broadly at the groundbreaking the other day and while mentionng the coming of the 2nd LNG project could be a sign that a supermajor will be the overall operator but EWC may be in for something similar to Indon. LNG and a power plant like the plans Phil and Henry laid out. They're so dumb.

I think it not only could be but is most likely something missed on an old map.  I don't think Hession would have said what he did and nothing else if EWC were in the plans for Gulf LNG.  Maybe for one or more power plants.

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#7

'Getitrt2' pid='32050' datel Wrote:

'Palm' pid='31925' datel Wrote:Thanks fir that Tree. EWC being on slide 19 could not be a mistake or an old map. The base camps and staging areas were new info. Don't forget how close Kavo has been to Stewart Elliott all of these years and I have it on good source that Mr E has been in PNG. Kavo suddenly smiling broadly at the groundbreaking the other day and while mentionng the coming of the 2nd LNG project could be a sign that a supermajor will be the overall operator but EWC may be in for something similar to Indon. LNG and a power plant like the plans Phil and Henry laid out. They're so dumb.

I think it not only could be but is most likely something missed on an old map.  I don't think Hession would have said what he did and nothing else if EWC were in the plans for Gulf LNG.  Maybe for one or more power plants.

You appear to be correct Getit.  One of our most reliable longs had a conversation with WA today, and WA quickly stated that the EWC reference in the presentation on slide 19 was a mistake.  Sometimes wonder who reviews these things before they go up.  Sorry for the false alarm all.

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#8
I confirmed also. Easy fine print detail to miss with focus elsewhere.
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