O’Neill made these points to around 2000 industry delegates from 16 nations, noting that Papua New Guinea had proven doubters wrong and set a standard for global projects to meet.
“We all know now that in many ways the PNG LNG Project sets the benchmark for the future,” O’Neill said that at a conference underway in Sydney, Australia.
“However, there must be no resting on this achievement.
“We need to move to the next stages of the development of our vast petroleum resources.
“I welcome the statement by the partners in the Elk-Antelope gas field project in the Gulf province outlining their confidence in the project and highlighting just how massive it will be. Our experience in negotiating and helping to implement the PNG LNG Project will be invaluable in this process.”
He said the nation now had the opportunity to expand on the benefits already being achieved from LNG.
“We want to value-add to the development of our petroleum sector and resources to the greatest possible extent.
“We want domestic gas development to help the government meet its objectives to deliver affordable energy to our people, and especially our rural majority, and to our businesses and industry as well,” O’Neill said.
He called on resource companies for substantial engagement from the outset for new projects.