Moran and Kutubu landowners sign Kroton Option

Representatives from both beneficiary groups signed the documents to exercise the option entitling them to their share of the 4.27 per cent indirect interest in the PNG LNG project.

Sakai Kei, General Secretary of Namo-Aporo Landowner Association of PDL 2, and Pape Punga, Chairman of the Moran Landowners Association from PDL 5 both signed instruments yesterday.

Under the Umbrella Benefit Sharing Agreement (2009), 76 per cent of the 4.27 per cent Kroton Equity Option is shared among the PDL areas.