PNG PM Marape disappointed with P'NYANG Gas Project Negotiation

Papua New Guinea Prime Minister James Marape has expressed disappointment over Exxon Mobil’s unwillingness to agree to certain terms in the P'nyang Gas Project of Western Province.

Mr Marape in a statement released yesterday, said that the terms put forward by the State Negotiating team (SNT), are in line with other international gas projects, and he is disappointed that Exxon has not taken them onboard.

He said that the SNT has allowed for many extensions in the deadline for the negotiations, and were willing to make significant concessions, but Exxon has barely changed from its opening offer, which was presented last November, and is generally the same as the PNG LNG Gas Agreement.

Prime Minister Marape said that the gas belongs to the people of PNG, and they must be given decent returns when their resources are exported, and it is disappointing to see Exxon not agreeing to this.

Mr Marape said that position of the Government will not change, and they want better and improved conditions for landowners and the State, when new developments are undertaken.

NBC News/ Pacific Mining Watch

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