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Papua New Guinea seeks higher tax take for ExxonMobil gas expansion

Papua New Guinea seeks higher tax take for ExxonMobil gas expansion

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by December 6, 2016 Pacific News, Regional News

Papua New Guinea is preparing to negotiate new fiscal terms for a US$10 billion expansion of ExxonMobil’s liquefied natural gas (LNG) project in the Pacific nation in a push to boost revenue, PNG Treasurer Patrick Pruaitch said on Sunday.

The bid comes amid rising concern among rural landowners that they have yet to see the full benefits of the US$19 billion PNG LNG project after more than two years of operation. We’re sorry. You don't have permission to access this page. Please sign up to have full access to this page.

 

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