Papua New Guinea's Prime Minister has welcomed the commitment of the French company, Total to advancing the Elk-Antelope Liquefied Natural Gas project in Papua New Guinea.
Peter O'Neill has received an update on the company's national engagement from Total's visiting Vice-President Arnaud Breavillac and fellow Total executives during their visit to PNG this week.
The recent revised agreement between InterOil and Total paves the way for Total to bring its LNG expertise to develop PNG's second LNG project.
Mr O'Neill says progress on Elk-Antelope gas fields in the East Papuan Basin is being made and Total is committed to working with the government, joint venture partners and stakeholders.
Subject to continued feasibility studies, the project is expected to further establish PNG as a major gas energy hub.
Total has described the PNG interest as a significant project in its global portfolio and an ideal opportunity to grow its business in the Asia-Pacific region.
Total is the fifth-largest publicly-traded integrated international oil and gas company in the world.
Joint venture partners for the Elk-Antelope LNG project are Total, InterOil, Oil Search and the Government of PNG.