LNG

PNG LNG in need of a Plan B

The deteriorating situation in Papua New Guinea is putting the country’s LNG project at risk, experts say The deteriorating situation in Papua New Guinea is putting the country’s LNG project at risk, experts say.
By The Wildcat 30 June 2017 0 26576
An LNG tanker loading at PNG LNG. (Santos)

The failure of Papua New Guinea’s government to pay royalties from the PNG LNG project to landowners in Hela province has led to unrest in the region and seen threats made against the plant.

The unpaid royalties from PNG LNG, which started exporting more than three years ago, now amount to around $300 million. The bigger the payment becomes, the trickier it will be for the government to pay because of the unrest it could cause among those who do not receive money and feel dispossessed.

The...