2 Apr 2007

PNG aiming to have its own LNG manufacturing plant by 2011 - Petromin CEO

8:17 pm on 2 April 2007

Papua New Guinea's new interim chief executive officer for Petromin PNG Holdings Limited is confident that a liquidified national gas facility will be operating in the country by 2011.

Joshua Kalinoe was appointed by the Prime Minister to head up the new company parliament set up to commercialise the country's gas reserves which are estimated at about 15 trillion cubic feet.

The move by the government came after the much-vaunted project to build a pipeline from PNG's highlands to Queensland was abandoned earlier this year.

Mr Kalinoe, who has just completed a four and a half year term as chief secretary of PNG, says he is now responsible for setting up the new entity and says he's optimistic about its future success.

"Petromin will now take a leadership role in when a gas project should be developed and my first task is to make sure we have an LNG project. And I am mindful of that expectation from political leaders and I will be very aggressive in this regard in order to get an LNG project for the people of Papua New Guinea."

Joshua Kalinoe, the new interim CEO for Petromin PNG Holdings Ltd.