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Port Moresby
May 10, 2021
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Gulf Gas Benefits

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The Political and intellectual elite of Gulf Province gthered in full force to present a position paper regardingthe Province’s stance on its gas resources.

 

The mover comes amidst reports thatInterOil’s Elk/Antelope gas field with-inthe province may be farmed into Exxon Mobil’s LNG Project.

Flanked bythe Members for Kikori and Kerema Open electorates, Gulf Governor Havila Kavo presentedthe Province&#39’s position paper toInterOil&#39’s manager for government and external relations Mr Isikel Taureka.

 

The key demand contained inthe paper was for the gas resources ofthe province to be processed within.

 

The Minister for Labour and EmploymentoMark Maipakai shared similar sentiments. He stated thatthe Gulf LLeadersip wantedthe Gulf LNG project to allow third party access tothe pipeline, an opportunity, he saysPNG lost duringthe currenPNG LNG deal.

 

 

The Gulf provincial Government has now thrownthe gauntlet atthe State andthe Developers regardingthe future ofthe Gulf LNG project. Gulf lLeadersdo not wish to miss out now.

 

Meanwhile, talks between Exxon Mobil andInterOil overthe possibility ofthe Elk-Antelope gas field providing 4 to 5 trillion cubic feet to supportthe 3rd and possibly 4th train ofthPNG LNG Project are expected to conclude bythe year&#39’s end.

 

The position paper presented bythe Gulf Provincial government has thrownthe spanner intothe works at a time whenthere has been a shakeup inthe positionInterOil&#39’s top executive, andthe ink onthe $350 million deal betweenthe company andthe French Bank, BeP-Parisba has barely drlied.

https://youtube.com/watch?v=w9JHeGTWUcQ%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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