2 May 2018

PNG govt defends LNG project following damning report

From , 3:05 pm on 2 May 2018

Papua New Guinea's prime minister has lashed out at a new report saying the country has not benefitted from its huge ExxonMobil-led liquefied natural gas project.

The report by social justice NGO Jubilee Australia said the US$19 billion project had failed to create jobs or spinoffs for PNG's economy despite big promises by political backers.

Exxon has defended its side of the arrangement, while the government has linked the project's lower than expected revenues to a global oil price slump.

Johnny Blades has more.

Exxon Mobil PNG's LNG plant near Port Moresby

Exxon Mobil PNG's LNG plant near Port Moresby Photo: (C)2014 {Richard Dellman/AdvantagePNG}, all rights reserved

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