France's Total has emphasised its full commitment to the $15 billion Papua liquefied natural gas project in Papua New Guinea where it is aiming to extend the validity of recent bids for front-end engineering and design.
The project was recently unshackled from a long disruption in the wake of a new government coming to power in PNG in May.
The new government reviewed the development agreement that underpins the project — the Papua LNG Gas Agreement — and even sought to renegotiate certain elements of it before announcing on 3 September that it would honour the deal, but wanted to see increased national content and future pipeline and shipping ownership benefits linked to the project.
