Kerenga Kua

Kua Warns Resource Company

He made this call during Parliament today when questioned by Gulf Governor, Chris Haiveta on the update on the formal agreement signing of the Pasca A project.

Governor Haiveta raised concerns that his Provincial Executive Council members have been coming to Port Moresby for three consecutive times for the signing, which never eventuated.

“We came for the signing but no paper to sign so we left,” Mr Haiveta said.

He further alluded to a statement released by Twinza recently questioning the deals by the State Negotiating Team.

Gov’t Put On Notice

The Government and Twinza agreed final terms for the Pasca A Gas Agreement, which were reflected in an agreement that both parties committed to use. Negotiations was completed last month and signing is pending.

The Gas Agreement delivers all of the Government’s stated objectives from the project and provide the highest State take of any resource development in PNG, with over 60 per cent of project value (55 per cent nominal State take) as announced by Minister Kua on July 13,

KPHL awarded PRL’s

These include PRL 48, 49, and 50 of the already discovered gas fields of Kimu, Barikewa, and Uramu.

The three fields have a best estimate of contingent resources (2C) of slightly over 2 trillion cubic feet (tcf) of gas with approximately 50 – 60 million barrels condensate.

Minister for Petroleum, Kerenga Kua, today presented the licenses to KPHL Managing Director, Wapu Sonk.

PRL 48, 49, and 50 represent the already discovered gas fields of Kimu, Barikewa and Uramu, in which KPHL will work towards developing.

Petroleum Retention License (PRL) extended

This coincides with the signing of the Fiscal Stability Agreement (FSA) yesterday.

In a statement, Minister Kua said the application for extension was received by the Department of Petroleum from the PRL 15 Joint Venture Partners on February 3rd and technical reviews followed until February 8th when the Petroleum Advisory Board (PAB) recommended to the Minister to grant the extension.

Minister Kua said the PRL 15 license has good standing in the last two terms (10 years) and the JV Partners have met work commitments under the license conditions.

LOs determination stopped by injunction

Minister Kua said a National Court injunction taken out by the Purari Development Association is preventing Papua LNG Project lead developer Total, from presenting him the Social Mapping and Landowner Identification (SMLI) Report.

Kua said with the signinig of the Fiscal Stability Agreement, they can now focus on addressing the court injunction, and begin working with landowners from both Gulf Province, which hosts Papua LNG, and Central Province.

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.

Kua clarifies P'nyang PRL expiry

Petroleum Minister, Kerenga Kua clarified this in parliament today when questioned why ExxonMobil continued discussions on the Pnyang Project when the PRL License expired.

North Fly MP, James Donald, raised a series of questions in parliament.

One of them was to clarify why ExxonMobil was allowed to negotiate on the P’nyang Project when the PRL the hold expired.

“Can the Minister confirm or deny the PRL license gas expirzed and so ExxonMobil is unlawfully holding onto the license?” asked Donald.

Minister responds to Western leaders

Petroleum Minister, Kerenga Kua, said this when responding to Western Province leaders who announced the withdrawal of their support from the P’nyang Project.

Over the weekend, Western Province Governor, Taboi Awi Yoto, and North Fly MP, James Donald, announced they were withdrawing their support from the P’nyang Gas Project negotiations.

They claim the province’s interests were not incorporated into the main frame Term Sheet by the State Negotiating Team (SNT).

Minister to provide detailed LO report

Hides landowners have been waiting for over 25 years for their royalties. NCDC Governor Powes Parkop made this point in Parliament yesterday (Nov 26) afternoon when asking the Petroleum Minister, Kerenga Kua, about the progress of the LNG Project.

“Mi been lawyer blo ol landowners involve lo PDL 1-4 back in 1994. And many of these landowners i no kisim royalty blo ol inap i kam now. Because yumi gim excuse olsem i no gat social mapping na second olsem ol landowners i kot. Mi laik askim: What is the status of all these royalties? Social mapping em completed or not?”