24 Nov 2016

PNG landowners seek empowerment in LNG project

From , 6:03 am on 24 November 2016

Landowners in Papua New Guinea's Hela province are demanding direct participation in the LNG gas project.

A Beneficiary Group comprising project-affected landowners and provincial governments has petitioned the government to ensure maximisation of the value of their equity interest in the project.

They claim that new changes to a 4.27% equity interest in the ExxonMobil-led project being introduced by state-owned Kumul Petroleum Holdings Ltd erode the value of their equity.

The beneficiaries says this breaches the terms of the Umbrella Benefit Sharing Agreement signed with over 60,000 landowners at the inception of the project in 2009.

A landowner representative from petroleum development license areas in Hela, Raymond Kuai, spoke to Johnny Blades about the Group's concerns.

no caption

Photo: RNZI/Johnny Blades