PNG gas industry part of the story for the ‘Golden Gas Age’
EXXONMobil Senior Vice President Neil Chapman as indicated PNG’s involvement in the natural gas industry will add to the story of ‘Golden Gas Age’ as more countries tap into the market.
He said the status of the country in the industry growing, making mention of talks with the government about a three-train expansion.
“This will involve several partners and will roughly double LNG capacity from PNG,’’ Mr Chapman said.
“I’m hopeful with support of the government we can come to an agreement on terms soon and together move forward on a new chapter in PNG’s energy story.
“There’s no question about the appetite for LNG throughout Asia is strong. The market for increased production is out there.”
He said with LNG import terminals are being built throughout the region.
Governments are facilitating the import and use of natural gas in their economies.
“All of this provides further confirmation of the ‘Golden Age for gas’ that was foreseen by the International Energy Agency, and is truly emerging today,’’ he said.
“It’s particularly golden for this part of the world.
“When the full story of the 21st century is written, historians will reflect on the origins of the Golden Age in this region.
“They’ll record stories of economic expansion, of new supercities rising, of millions of people trading poverty for prosperity.
“And they’ll recognise places like Papua New Guinea – thanks to the enlightened vision of its leaders – as the engines that made such progress so possible.”
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