PanAust Managing Director, Fred Hess, said this recently in Australia during the PNG Chamber of Mines and Petroleum Conference in Sydney.
Business Advantage PNG reports Hess saying the project is of national significance and will create many local jobs and open business opportunities.
However, he warned of the many challenges which include environmental conservation and the lack of infrastructure.
“There are no free lunches. We must be mindful of the risks of developing large scale projects.
