LNG project generates K16.5 billion for PNG
08 February 2023
NEWSLETTER
| PNG Business News
MAKATI, PHILIPPINES - The PNG LNG project generated K16.5 billion for Papua New Guinea over the eight years of production from 2014 to 2022.
This includes K7.5 billion paid to Kumul (PNG’s national petroleum company) from the state's 19.4% equity, K1.3 billion to the Mineral Resources Development Corporation, K800 million in royalty payments, K700 million in development levy payments and K6.2 billion in tax payments.
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