PNG Extractive Industries Transparency Initiative (EITI)

Accurate data essential: PNGEITI

PNG Extractive Industries Transparency Initiative (EITI) Head of the National Secretariat, Lucas Alkan, highlighted this during the 2019 Papua New Guinea State of the Environment (PNG 2019 SoE) Report pre-workshop on July 11th in Port Moresby.

The PNG 2019 SOE is an international reporting obligation undertaken by lead agency Conservation and Environment Protection Authority (CEPA) to present the best available information about the current state of the Papua New Guinea Environment as the basis for effective environmental management, planning and reporting. 

K60b in taxes from PNG LNG Project

The PNG Extractive Industries Transparency Initiative (EITI) 2014 Report states that the 30 year lifespan of the PNG LNG Project will contribute K67 billion in taxes in addition to dividends from its equity in the Project.

The Government has 16.8 percent stake in the PNG LNG project, managed by Kumul Petroleum Holdings Limited (KPHL), of which 2.8 percent is managed by the Mineral Resource Development Company on behalf of the landowners.  

K60b in taxes from PNG LNG Project

The PNG Extractive Industries Transparency Initiative (EITI) 2014 Report states that the 30 year lifespan of the PNG LNG Project will contribute K67 billion in taxes in addition to dividends from its equity in the Project.

The Government has 16.8 percent stake in the PNG LNG project, managed by Kumul Petroleum Holdings Limited (KPHL), of which 2.8 percent is managed by the Mineral Resource Development Company on behalf of the landowners.