Tuesday, November 3, 2009

PNG venue of 2010 LNG meet

PAPUA New Guinea will host the next world liquefied natural gas (LNG) summit in the middle of next year (2010), National Planning and District Development Minister Paul Tiensten said.
This would coincide with the start of the construction phase of the ExxonMobil-led LNG project, he said.
The decision for PNG to host the next LNG summit was reached during the recent next generation of LNG Asia-Pacific conference in Singapore from June 29 to July 1 this year.
During the event, Mr Tiensten also delivered the keynote address when he talked about the LNG project and how revenues from this project would be managed to deliver economic development for the country.
“Organisers of the world conference on LNG had accepted our offer for PNG to host the next conference to coincide with our PNG LNG project reaching an historic milestone as an emerging LNG player amongst the exclusive club of LNG exporters or suppliers.”
Prime Minister Sir Michael Somare is expected to address the conference. 10 July 2009