James Marape

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.

Resource law amendments expected this year

Prime Minister, James Marape, says resource laws will be amended over the next two years to build a solid foundation for the economy.

Prime Minister Marape said some of the policy fundamentals will be put in place, and legislative amendments and laws passed over the next two years before the 2022 National Elections.

Marape said amendments to resource laws will be brought before Parliament.

Current reviews include the Oil & Gast Act and the Mining Act.

"Prove allegations against Minister:" PM

He said these allegations need to be proven.

The allegations refer to K33million (US$10.3 million) payment by Horizon Oil to a PNG shell company for its 10 per cent interest in Petroleum Retention License (PRL) 21 made 10 years ago.

The Australian Financial Review articles questioned the role of William Duma, who was then Petroleum Minister, and private Lawyer, Simon Ketan, who then owned the company, Elevala Energy, which sold its shares to Horizon.

PM arrives in NZ for Official Visit

Upon arriving in Auckland from Fiji, PM Marape is scheduled to meet his New Zealand  counterpart, the Rt Hon. Jacinda Ardern, at the Government House.

There, PM Marape and his counterpart will hold a one-on-one prime ministerial discussion, followed by bilateral discussion with the PNG-NZ delegations.

Marape attends Israel-Pacific Island Leaders’ Summit

The meeting is the first ever meeting with the State of Israel and Pacific Island Leaders, to reaffirm diplomatic relations between Israel and Pacific Island States.

Discussions in the meetings focused around challenges in achieving sustainable development of the region in agriculture, water management, food security, public health and disaster management. 

Numu joins Govt

The PNG One Nation Party Leader was welcomed on Wednesday by Prime Minister James Marape and coalition members.

“I am happy that Governor Numu is making that call at this juncture in this Parliaments life, and this sort of affirmation of solidarity gives certainty t our Government to hold fort until we conclude this term of parliament,” said Marape.

Numu joins the coalition Government after leaving the Government rans under the former coalition led by   Ialibu-Pangi MP, Peter O’Neill.

Marape to meet NZ counterpart in State Visit

The visit officially kicks off a series of State Visits he intends to conclude by the end of the year.

Marape left PNG shores today and will begin with a brief stop-over in Fiji.

Prime Minister Marape’s meet with his New Zealand counterpart aims to see bilateral discussions on matter of mutual interest.

“My visit to New Zealand is in order and to firstly thank them personally for being a genuine friend of PNG. Recently, the New Zealand Government assisted by evacuating our PNG students from China to New Zealand due to the coronavirus.

PM presented Organic Law Review on N&LLG Elections

The report is based on the constitutional directive of the Governor-General to review the Provincial and Local Level Governments Elections.

The review was established in 2018 by the O’Neil-led government directing the CLRC to review the Organic Law and propose legislative reforms aimed at improving the way elections are run in the country.

The review is to ensure that the elections are free and fair where the people are given absolute guarantee of freedom to choose leaders through voting.

Western Leaders back PM on Pnyang

Western Governor, Taboi Awi Yoto, and North Fly MP, James Donald, announced in a joint statement their endorsement of the Prime Minister stance to stop negotiations and focus on other resource projects currently in the pipeline.

According to the statement the leaders said PNG was entitled to a fair deal. And after the PNG LNG Project, they expectied ExxonMobil and project partner, Oil Search, to display commercial fairness and reasonableness.

The leaders said the companies chose to discard these core virtues.

PNG’s potential K200bn economy

Prime Minister James Marape said PNG has enough gas resources to develop five LNG trains which can then have a massive impact on the economy.

“Certainly, five trains of LNG will help me achieve my dream that we will go past K200bn economy in 10 years,” he said at the Back to Business Breakfast on January 30th.

“That is achievable and within sight. We are working to ensure that the discussion on a fifth train is secured at terms that is not harmful to investors but also at terms consistent with the laws of this land.”