landowner royalty payments

Landowner payments ready for disbursement

“To date approximately K108 million in landowner royalty payments has been deposited by PNG LNG, into a trust account set up by the Government of PNG with Bank of Papua New Guinea,” BPNG Governor Loi Bakani said in a statement.

 “As soon as the Government has completed the process of landowner identification currently underway, all necessary arrangements will be made to disburse the funds to the rightful landowners.”

Loop PNG cannot confirm with the bank the total number of LNG trains sold so far and or the value of the sales when the story was published.