Wednesday, June 17, 2009
Papua New (s) Guinea Blog
“I cover PNG and the Solomon Islands,” Ilya says.
“Hopefully this blog can help those interested in these areas.”
Have a look…
Essential reading about the carbon trade and Papua New Guinea
Papua New Guinea in hot seat: claims of false carbon credits
By ILYA GRIDNEFF of AAP
16/06/2009 12:00:00 AM
Theo Yasause said in
Documents obtained by The Economist and available on the internet show a series of what appear to be multi-million-dollar carbon trading deals with foreign companies in various regions of the country.
Dr Yasause said, ''I've not sold or made any money out of this process.
''I've done no deals, or sold any credits.''
Even though the leaked documents appeared to carry his signature, the official seal, and another colleague's signature, they did not represent real deals, he said.
''It's not a false document but a sample,'' he said.
''It's speculation by certain individuals who have no regard for the process.
''They should have asked before they released this kind of statements,'' he said.
''It was a sample stolen from my drawer, we were looking at several types of project,'' he said.
Dr Yasause said a criminal investigation would be conducted to find who stole the sample documents, along with a review of the Office of Climate Change. ''We never received any funding from foreign entities,'' he said.
''We have not issued any credits to anyone,'' he said.
Dr Yasause was in the news two years ago when
Dr Yasause was an economic adviser to Prime Minister Sir Michael Somare.
Dr Yasause, of Yangoru,
Weather warning
When you walk out the door in the morning and see this in the sky.......
.....just go back inside, have another cup of coffee,
And stay home. It's NOT going to be a good day.
Hope today was different. Have a nice day
2009 Papua New Guinea Mining and Petroleum Seminars
The Papua New Guinea Chamber of Mines and Petroleum will be hosting a Petroleum Seminar on the 27th –28th October followed by a Mining Seminar on the 29th – 30th October at the Crowne Plaza, Port Moresby.
As well as providing a comprehensive technical update on current activities in the mining and petroleum industry, these seminars will offer an excellent opportunity to meet all the players in the PNG resources industry, including Government, and for joint venture discussions, networking, and promotion.
The Petroleum Seminar will feature the current activities in the petroleum sector including PNG’s first LNG development, major new gas discoveries at Elk/Antelope in the
The Mining Seminar will showcase the PNG mining industry highlighting project updates, new developments, advanced prospects, and exploration. PNG’s four new mines – Ramu nickel/cobalt project and
The seminars will be complimented by a Trade Fair with 16 companies exhibiting their services, products or exploration/production activities to the delegates.
The Chamber sees the seminars as an important service to members and to the general public.
It is essential that information on the activities of the mining and petroleum sectors is freely available to all.
For this reason, the Chamber endeavours to keep the registration fees for the events to a minimum.
The Chamber is expecting over 800 delegates to attend the seminars.
Along with industry and Government any member of the public is welcomed to attend.
For further information please contact the Chamber on telephone (675) 321 2988 or email conf@pngchamberminpet.com.pg
Monday, June 15, 2009
Will you feel guilty when the 'CARBON COPS' call?
Recent news report of the Australian Federal Police now being tasked withpolicing Climate Change Regulations. However, with all the debate about
carbon sinks, carbon sequestering and climate change, it seems almost impossible to get a 'helicopter view' of what is actually happening.
Firstly, we are told the Earth is going through a warming phase. This has happened a number of times in the past without disastrous results (e.g.
around 1,000 AD) so why is it so important this time? Well, it seems likely that the use of fossil fuels (coal and oil) have over the so called
'Industrial Age', helped accentuate this warming. Some may argue as to how much, if at all, our burning fossil fuels has contributed however, when you compare these man made emissions against those caused by natural causes such as volcanic eruptions and bush fires.
So how will this global warming affect us? Can we really do anything about it?
Prior to the current level of political consternation, the use of coal and from last century, oil, seemed to be the only way world societies could
progress and develop. The problem was that those with the resources and power kept the benefits to themselves and those without the power to use
their resources were severely limited in their prospects.
As the global village developed over the last 20 to 30 years, there are some recognisable changes emerging. There is a power struggle going on between Europe, North America and East Asia. China and India (the world's most populous nations), are emerging as industrial giants and challenging the status quo.
During the last 30 years, the world population has doubled and is set to double again. If everyone in the world today enjoyed the same standard of
living as the so called developed nations, we would need the resources of two and a half world's to meet that demand. Clearly that can't happen. So
what's the answer? Is it just a battle between the haves and the have nots? Traditionally, these battles have allowed those with resources to believe
they will always come out on top.
Now we should all know where this horrible deluge of carbon is coming from. Hundreds of millions of years ago, the Earth was much warmer and had an atmosphere many times richer in Carbon Dioxide (CO2). Why? Well it has been suggested that the natural atmosphere of our solar system's planets is made up predominantly of CO2 and Methane as is the atmosphere of Venus today. So what changed our world? During the 'Carboniferous period', the huge forests grew in the warm climate and used the CO2 to grow. This growth in plant life then released a huge amount of free oxygen (O2 then estimated to be over 20% of the Earth's atmosphere), and this allowed an explosion of animal life that depended on this oxygen for life. As the carbon based plant life died and was eventually covered by rocks, the resultant coal and oil lay untouched for millions of years until humans discovered and used these resources during the last thousand years.
Now here comes the conundrum. Why won't this balance between CO2 and O2 happen again? What's the difference between the Earth regulating itself previously and any increase in CO2 naturally increasing the world's plant life? Surely an increase in plant life will eventually decrease the CO2 and release the O2 back into the atmosphere (i.e. a natural carbon sink)? Surely the only difference in today's equation is people? When the natural 'carbon sink' previously happened, there were no people around to be affected. If the predictions are correct, the Earth may warm by an average of 4 degrees by the year 2100. BUT, by that year, unless something different occurs, the Earth will be so over populated that there will not be the resources to feed and house all these extra people. Earth's human bio mass is currently only second to krill in overall total size. In less than 30 years, it will double again. This is far, far sooner than any cataclysmic disaster that may be caused by climate change.
If the world's oceans do rise by some meters as the ice caps melt, the areas on the Earth that will be most affected are those that are heavily populated
now (e.g. Bangladesh). Where will these people go to find safety, food and shelter? No government seems prepared to 'bite this bullet'.
So while the world's leaders wring their collective hands and lament abouthow they can wean their people off their CO2 producing culture, the only
answer seems to be by legislating to make energy (coal, oil and electricity) more and more expensive in real terms. Agriculture is being told that they will have to pay for the amount of CO2 it produces. This will also cause an increase in the cost of food and yet more overheads on already stretched famers to try and keep pace with an increased population.
So what timely alternatives are being put in place to make a real difference? Like the recent inability to stop swine flu, nothing seems possible to stop the world's population from increasing exponentially. What will then stop these extra billions from chopping down any surviving trees to live? History is full of examples where this has happened. A classic example is the original population on Easter Island. The people there eventually
used up all the available resources and their society 'imploded'. The strong defeated the weak but eventually they too died off as there were no
resources left on the island.
So when it all becomes too hard and too complicated, a diversion is needed to get governments past the next election. Recent examples could be the Year 2000 bug, The war on terror, Oil prices, and now, bring on the concern about climate change....... Two thousand years ago, it was bread and circus's.
Commencement of early works by Papua New Guinea Liquid Natural Gas (LNG) Project
Oil Search is pleased to report that the PNG LNG Project participants have agreed to a proposal by the Project Operator, ExxonMobil, to commence Early Works activities on the PNG LNG Project. Early Works include a range of infrastructure projects, such as the upgrade and repair of roads, construction of camps, wharf upgrades, early site preparation in the PNG Highlands, construction of training facilities and ordering of long lead items.
The development of this infrastructure will facilitate full construction to commence in early 2010, following the Final Investment Decision which is targeted to take place in late 2009.
This positive Early Works decision follows the recent signing of the Umbrella Benefits Sharing Agreement (Umbrella BSA) and substantial progress made on LNG marketing.
The Umbrella BSA defines how benefits, including those provided for under the Oil and Gas Act, will be shared between the PNG Government, Provincial Governments, Project Area Landowners and Local Level Governments.
The negotiation of the Umbrella BSA was a major exercise in democracy.
Held in Kokopo,
As previously advised, significant progress has also been made on marketing the Project’s LNG and a further announcement on this is expected to be made soon.
Peter Botten, Oil Search's Managing Director, said: "The decision to proceed with Early Works, comprising an accelerated investment of approximately US$600 million over the next 12 months (US$200 million net to Oil Search), prior to the formal sanction of the Project at the end of this year, is a major vote of confidence in the PNG LNG Project.
“It demonstrates an increased level of commitment to the Project by the participants, as milestones are progressively met.
As announced by ExxonMobil recently, a number of contracts for early works activities have already been awarded, including a major construction contract for Upstream Early Civil Infrastructure to Clough Curtain JV, a joint venture between Clough Niugini Ltd and Curtain Brothers PNG Ltd."
