The PNG Extractive Industries Transparency Initiative has called for enhanced transparency in the distribution of benefits from the PNG Liquefied Natural Gas Project. Nearing two decades of operations, the project is declared as debt free as of December 2025 with all stakeholders relieved of their debt obligations. PNGEITI National Secretariat Executive Director, George Kauli congratulated this milestone achievement for all stakeholders led by the project operator, ExxonMobil PNG, while calling
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The PNG Extractive Industries Transparency Initiative has called …
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Through the #PNGLNG Project, ExxonMobil has a proven history of generating value for Papua New Guinea. Since the start of production in 2014, the Project has paid over PGK 20 billion to the Papua New Guinean State. Revenue is delivered through five streams. This includes equity distributions paid to Kumul Petroleum Holdings Limited (KPHL) and Mineral Resources Development Company (MRDC) based on the interest they hold in the Project. Different types of tax, including company tax, are paid to the
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By September 2025, the Gas and Oil regime in Papua New Guinea will be changed for greater benefits to the resource owners and the State, PNG Prime Minister, James Marape says. If investors are planning to venture into the sector, they should do it in haste, PM Marape said when speaking to local media upon the agreement signing of Pasca A Gas Project located in the Gulf Province. Next projects the Government is focusing on are Wafi-Golpu and Frieda River, he said. #pnggovernment #news #pngsun #ja
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