PNG

Landowners support InterOil's Elk plans

LANDOWNERS at Elk-4 in the Gulf province of southern PNG are onside with InterOil's gas developme...

Gas sourced from the Elk-Antelope structure is planned to be used by InterOil-backed Liquid Niugini Gas for a liquefied natural gas project that is currently awaiting PNG government approval.

Reported by the National newspaper, landowners of InterOil's petroleum prospect licence areas 237 and 238 met with Gulf Governor Havila Kavo and said they would work with him and the Canadian company to develop the gas resource.

The landowners, who had not seen their Gulf provincial leaders in the last 25 years, had walked for one week before they could catch a plane to Port Moresby for the meeting.

The landowners said they would like to meet with InterOil and look forward to development in their area which has no schools, health and essential government services.

Liquid Niugini jointly-owned by InterOil, Merrill Lynch and Clarion Finanz AG affiliate Pacific LNG operations and aims to start LNG production in 2012.

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