Duma on PNG's 3rd LNG Project

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Lookie here, Gulf LNG is being taken for granted!

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Third LNG project on the cards for PNG

On the cards: Minister for Petroleum and Energy William Duma said a Talisman-led group should have enough reserves to underpin a third LNG development

Russell Searancke

 04 December 2012 02:03 GMT

A Talisman Energy-led group is expected to have enough gas resources to underpin Papua New Guinea's third liquefied natural gas project, said PNG’s Minister for Petroleum and Energy William Duma.

Speaking at the PNG Mining and Petroleum Conference in Sydney, Duma paid tribute to Talisman and Horizon Oil who are developing the Stanley gas and condensate project for start-up in 2014, followed by the Elevala-Ketu development. Both are gas recycling schemes whereby the condensate is produced and sold and the gas reinjected for later use.

Duma said that, following on from Stanley and Elevala-Ketu, "I then expect there will be sufficient developed gas resources, aggregated within additional gas resources in licences in Western Province held by a Talisman Energy-led group, to underwrite PNG's third LNG project".

The first two are the ExxonMobil-led PNG LNG project, and the second is the planned InterOil Gulf LNG project.

Duma said he had placed no timelines on the Talisman-led development, but expected it to be of a similar scale to the planned Gulf project, which is 4 million tonnes per annum.

Ahhh... say its not so !! That's it... we are PNG LNG Poject #2 ... Old news already?  No more stranded gas? Never get a partner?

We're done here?

Just some forgotten LNG Hub like Trinidad?

Say it's not so.

:-(