Director of the Gas Project Coordination office Peter Koim said the paperwork to ensure the Papua LNG engineering will be ready in the coming week.
“I think we are expecting the Papua LNG front-end and end engineering design very soon, most likely it will coincide with the independence celebrations,” he said.
Director Koim spoke to the media after the government renewal of his employment for another four years at Government House.
“Once the project feed is announced, then they will announce the final investment decisions and move into construction,” he said.
He was involved in the Pynang, Pasca A and Stanley Gas Condensate project in the Western province.
All four projects are on the radar for commercialisation.
Mr Koim said, “Once we have those projects up and running, we hope to see most of our young people running around employed in different capacities. “
“These are billion-dollar projects and they will create a lot of employment, development and economy for the country,” he added.
The Gas Coordination office facilitates all the new LNG gas project negotiations and after the gas agreements are signed, proceeds on monitoring the implementation of the projects.
These include front-to-end engineering design as well as the conclusion of construction before the Department of Petroleum takes over.
Mr Koim continued, “With all the world energy prices going up, we stand to benefit from these developments”.
“Going forward I will be monitoring the implementation of the signed gas agreements which is Papua LNG and Pynang LNG projects”.
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