• PNG Business News

Western Province Leader Objects Proposed P’nyang Gas Deal


North Fly MP James Donald says the leaders from Western Province are objecting to the proposed gas agreement on P’Nyang as it did not capture benefits of the province.


The government-sanctioned State Negotiating Team and developer ExxonMobil have submitted a proposed gas agreement to all relevant parties, including the leaders of the host province.


Mr Donald said the SNT led by government chief secretary Isaac Lupari and Exxon, did not capture benefits of the host province.


He said the leaders of the province were not happy with the State Negotiating Team and ExxonMobil for being inconsiderate by not according fair and equitable benefits to the host province.


“We will not support the gas agreement.


We are objecting until such time when we are satisfied.”


Mr Donald, whose electorate is the host of P’nyang gas field, said ExxonMobil needs to settle legacy issues relating to foundation PNG LNG Project, especially benefits to affected landowners as well as ensuring it obtains P’Nyang license properly through regulatory framework provided for under our country’s laws.


He said P’Nyang license had expired, which renders Exxon without standing to further any talks or negotiate gas agreement on P’Nyang.


“We don’t accept that you (Exxon) are legal license holder of P’Nyang gas field.”


Donald called on the director of Oil & Gas to immediately forfeit petroleum retention license of P’nyang from Exxon and give it back to the State or other interested developer.


“We don’t need ExxonMobil and no further negotiations on P’nyang should be entertained till an amendment is done to the current Oil and Gas Act as was previously promised by Prime Minister James Marape and Minister for Petroleum Kerenga Kua.”

Continue reading at https://postcourier.com.pg/western-province-leader-objects-proposed-pnyang-gas-deal/ | Post Courier

PNG Business News

2nd Floor, Suite 6,

Corinthian Plaza Building,

Paseo De Roxas, Legaspi Village,

Makati, Philippines

Phone: +632 251 5599

Subscribe to Our Newsletter

  • White Facebook Icon

© PNG Business News