PNG Extractives Industry Transparency Initiative (PNG ElTl)

PNG LNG Project Delivers Record Revenues

Revenues delivered by the PNG LNG Project include PGK 7.1 billion flowing to Kumul Petroleum Holdings Limited and an estimated PGK 4.5 billion in various taxes paid to the Internal Revenue Commission.

ExxonMobil PNG Managing Director, Peter Larden, stated in a recent report that the revenues and associated benefits from the PNG LNG Project provide the PNG government the opportunity to promote sustainable, long term economic development and are extremely proud of their performance in contributing to the PNG economy.