png well positioned for future regional lng demandExxonMobil Senior Vice President of Global LNG, Mr. Peter Clarke, shared his insights on the success of Papua New Guinea’s LNG industry and the bright opportunities ahead as a keynote speaker at Kumul Petroleum Holding Limited’s Petroleum and Energy Conference held this week in Port Moresby.
“Papua New Guinea is truly well-positioned for the future – one where LNG will have an even larger presence in the global energy mix,” said Mr. Clarke.
“With proximity to market and high-quality resources, PNG can continue supporting regional demand for decades to come, with Asia Pacific countries set to be core natural gas customers, and in the process help these countries meet their energy security and emissions reduction goals” he added.
“We are also pleased to announce that the P’nyang LNG co-venturers are currently progressing its concept evaluation phase. This phase is critical to ensure that the design to develop this proven 4.6 TCF resource is as capitally efficient as possible which is particularly important given P’nyang’s remote location,” he added.
PNG well positioned for future regional LNG demand - Post Courier