The next major Liquefied Natural Gas (LNG) project in the country, the Papua LNG project, is on track and is progressing well and true into its construction phase in 2024.
That was the assurance given by Prime Minister (PM) James Marape when stating that the LNG Project is on target for its Final Investment Decision (FID), after his recent meeting with the Chairman and Chief Executive Officer (CEO) of TotalEnergies, Patrick Jean Pouyanne in Paris, France.
“Mr. Pouyanne assured me that the US$12 billion Papua LNG Project is on course to commence construction next year, following the FID, which will constitute a substantial boom to our economy,” PM Marape asserted.
Drawing a parallel with the previous PNG LNG project, he further stated that the construction phase of PNG LNG cost US$19 billion (K66 billion) and the government anticipates a similarly transformative impact on the country’s economy with Papua LNG, as the construction activities gain momentum.
“Our records show GDP increased from K31.5 billion in 2008 to K47.7 billion in 2013 due to the PNG LNG project. We anticipate a similar trajectory for Papua LNG starting from 2024 onwards.”
The PM is committed to providing comprehensive support across all sectors to ensure the timely progress of the project, with a target of achieving the first gas production in 2027.
“We are fully committed to expediting the process, including social mapping, landowner studies, and the expansion of opportunities for local businesses to thrive,” Marape declared.
On that note, Marape issued a directive to the ministers for education and higher education, urging them to initiate training programs for 5,000 individuals, including those from Gulf, Karamui in Chimbu, Okapa in Eastern Highlands, and other Grade 12 school leavers.
These programs will focus on skills such as welding, plumbing, carpentry, cooking, and industrial assistance, aligning with the workforce requirements during the forthcoming Papua LNG construction phase.
“Our existing technical colleges in Lae, Madang, Goroka, Mt Hagen, Port Moresby, Kokopo, and other locations will be utilized for short-term courses in November, December, and January, taking advantage of campus vacancies during this period,” Marape explained.
“The government’s proactive approach and strong commitment to the Papua LNG Project reflect our dedication to fostering economic growth and providing opportunities for our citizens.”