LNG Projects

by | Jul 18, 2016 | 0 comments

The Government will ensure that the Papua New Guinea LNG Project will be delivered on time, so that the revenue flows, shall begin in 2014.

The Inter Oil LNG Project will be given priority support to ensure the delivery of the project in this term of Parliament.

In this regard, the Government will immediately establish a State negotiating team comprising of the key agencies to negotiate a Gas Agreement with InterOil  and its partners.  The State team will work with Petromin, the State nominee to ensure that the best Gas Agreement is negotiated, having had lessons learnt from Papua New Guinea LNG Project.

In this regard, specific considerations will be given to increased benefits to landowners, local governments and provincial governments.

These two projects will underpin the economy of this country for the next 40 years.