Pipeline Landowners

PNG LNG Project Agreement review over due

Minister for Petroleum, Kerenga Kua, said he was recently informed of this in a letter by Government Stakeholders.

Minister Kua revealed this during the benefit rollout announcement in Kikori Station, in Gulf Province.

During the benefit rollout for Segment 7 of the PNG LNG Project Pipeline Landowners, Petroleum Minister, Kerenga Kua, revealed that the PNG LNG Project Agreement is well over due for a review.

The PNG LNG Project Agreement was signed in May 2008.

Gulf Pipeline LO’s receive LNG benefits

The Benefit rollout is the first since the signing of the Umbrella benefit Sharing Agreement (UBSA) in 2009 and the first flow through and shipment of LNG in 2014.

This follows the completion of landowner identification, the opening of clan bank accounts, and the election of directors to the board of their landowner company.

It was a historic occasion with Petroleum Minister, Kerenga Kua, and Gulf Governor, Chris Haiveta, accompanying Mineral Resources Development Company (MRDC) Managing Director, Augustine Mano, to announce the benefit roll out in Kikori on Wednesday.