The venture will see the company provide gas power and renewable energy during the lifespan of the Papua LNG project which is anticipated to begin construction next year.
Total PNG CEO, Philippe Blanchard, said during the Petroleum and Energy Summit in Port Moresby that the company has been preparing for this with the establishment of the company’s ‘gas power and renewables’ arm.
“The ambition of the company through that fourth branch is to be able to within 20 years have 20 per cent of its business coming from gas power and renewables.