Landowners to enjoy PNG LNG windfall

THE ExxonMobil-led PNG LNG project has progressed towards development with the signing of the benefits-sharing agreement between the Papua New Guinea government and landowners.

Landowners to enjoy PNG LNG windfall Landowners to enjoy PNG LNG windfall Landowners to enjoy PNG LNG windfall Landowners to enjoy PNG LNG windfall Landowners to enjoy PNG LNG windfall

The agreement - worth about 20 billion kina ($A9.5 billion) over the life of the project - gives provincial governments and landowners a 7% stake in PNG LNG, leaving the government with a 12.

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