Papua LNG is mentioned prominently on 4 slides of this Presentation:
Numbers: 7, 35, 41 and 46
Interestingly, they don't mention InterOil or Oil Search
Several times they mentioned that they were previously successful in selling ALL LNG from their projects on long-term offtake agreements.
So ... hopefully for Papua LNG, they will also pre-sell all the LNG (not just JFT's 75%) and will not have to rely on Spot Markets.
A very bright woman in the audience asked whether TOTAL has contemplated partnering with ExxonMobil to supply gas to PNG LNG for their expansion.
The TOTAL CEO jumped in to answer the question ... all the while with a big SMILE on his face.
He said "For now, we can say that we are building Papua LNG next to the PNG LNG plant."
He said they are having discussions and implied that the situation will change in the future.
Numbers: 7, 35, 41 and 46
Interestingly, they don't mention InterOil or Oil Search
Several times they mentioned that they were previously successful in selling ALL LNG from their projects on long-term offtake agreements.
So ... hopefully for Papua LNG, they will also pre-sell all the LNG (not just JFT's 75%) and will not have to rely on Spot Markets.
A very bright woman in the audience asked whether TOTAL has contemplated partnering with ExxonMobil to supply gas to PNG LNG for their expansion.
The TOTAL CEO jumped in to answer the question ... all the while with a big SMILE on his face.
He said "For now, we can say that we are building Papua LNG next to the PNG LNG plant."
He said they are having discussions and implied that the situation will change in the future.
Drivel Maven with Personality