Equity Distribution

Pruaitch Welcomes Equity Distribution

“Aspects of the settlement may not be fully in line with the spirit and letter of original government plans, but it is heartening that decade-old issues can finally be put to rest so policymakers can concentrate on future growth and prosperity,” Mr Pruaitch said.

He said when late Grand Chief Sir Michael Thomas Somare laid ground rules for negotiation of the PNG LNG Project, foremost among these was his determination not to sell down the PNG government’s project equity, he had the national interest at heart.