STANLEY LNG DEAL TO POWER OK TEDI’S GREEN TRANSITION

BY RAYLEEN WANJIMAN

OK Tedi Mining Limited, a 100% PNG-owned company, is setting a national example in sustainable mining.

By transitioning from imported diesel and embracing locally sourced LNG, the company is reducing its carbon footprint while strengthening energy resilience especially during disruptions along the Fly River.

The company has signed a landmark gas supply term sheet with ArranEnergy, marking a major step toward its Growth 2050 Energy Transition Strategy.

The agreement will see Ok Tedi use gas from the Stanley fields in Western Province to power its operations supporting its long-term goal of achieving carbon neutrality by 2050.

Managing Director Kedi Ilimbit says Ok Tedi will now generate power and drive trucks using Stanley LNG gas.

This initiative is one of three pillars in the company’s decarbonisation strategy alongside hydropower expansion and electrification of mining fleets all aimed at building a cleaner and more efficient future.

Trans Wonderland Limited Managing Director Larry Andagali expressed optimism about the partnership, saying, “The next 50 years is looking brighter.” He emphasized the importance of adding value to PNG’s vast natural gas resources by supplying the domestic market, rather than focusing solely on exports.

With this milestone, Ok Tedi reinforces its commitment to responsible mining and national development.

The company’s leadership in energy transition not only benefits its operations but also sets a hopeful tone for other PNG businesses to follow ensuring that natural resources are used sustainably for the wellbeing of all Papua New Guineans.