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Oil And Gas Act To Be Tabled In Parlt In June

Amendments to the country’s Oil and Gas Act will be tabled in parliament when the parliament sits in June.

Petroleum and Energy Minister Kerenga Kua told this newspaper yesterday that both resource laws will be tabled in June.

“That is when we will put this on the notice paper and the people can start thinking about it. It will be adjourned for two months for debate to take place,” Minister Kua said.

Mr Kua said the changes could have been done easily through an ordinary Act however after careful consideration it was decided that it should be tabled as a constitutional law so that it is difficult for people to change.

“If you put it as an ordinary Act of parliament they can change it at any sitting at any time unlike a constitutional law where it is difficult to change as people will need a big number to vote. That’s why, whilst we got the strength in government we are going to take advantage of that and we are going to put it through a constitutional law,” he said.

“For constitutional law 74 per cent is needed and for an ordinary Act of parliament, 54 per cent. We have the numbers that is why this is going to be a government policy shift. We have been talking to the industry for a very long time so we are now moving into the actual reform.”

Minister Kua also notes Prime Minister James Marape’s comments on P’nyang that it will push through this month.

He said the formal negations have already closed but if the developer wants to reconsider the offer then the door is open to them.

“We’ve never shut the door so the doors are still open for Exxon to come back to us and if they’re interested still they can use the month of April to do something.”

Continue reading athttps://postcourier.com.pg/oil-and-gas-act-to-be-tabled-in-parlt-in-june/|Post Courier

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