Tag Archives: Nixon Duban

PNG LNG Willl Not Be Another Bougainville Crisis: Duban

The Mention Of Another Bougainville Civil War , As A Result In The Delay In The Payment Of The PNG LNG Project, As Speculated In The Debates In Australia In The Past Few Days “Is Nonsense And Unwarranted”.

Post Courier | June 14, 2017

The mention of another Bougainville civil war , as a result in the delay in the payment of the PNG LNG project, as speculated in the debates in Australia in the past few days is nonsense and unwarranted.
Petroleum Minister Nixon Duban was responding to questions put to him by the Post-Courier, on Tuesday, pertaining to reports carried in the overseas media on this issue.
While also in light of reports that had surfaced over the weekend of a planned protest by aggrieved landowners from the Central Province.
The protest did not eventuate at the plant site outside of Port Moresby.
However, the issue of royalty payouts to landowners came under the spotlight in Australia when questions were raised, by one of its senators as to why the Australian government through its Export Finance Insurance Corporation (EFIC) had not taken measures to ensure royalty payments were made.
The minister had expressed disappointment that some senior politicians had joined in the chorus inciting fear in the whole debate, reminding them that they were part of the O’Neill government until recently.
He had reiterated that the main reason for the delay of payment in the early payment of landowner benefits, was that many legitimate landowners had not been identified in the project area in Hela.
Mr Duban said PNG LNG project has a lifespan of over 50 years.
He said the landowners were fully aware and would not destroy something that would sustain their livelihood and that of the generation to come.
“Bougainville stemmed out from serious discontentment over what was poorly structured landowner benefits package.”
“PNG LNG landowners are given a much better deal with the foundation LNG project showing significant signs of expansion.
“I believe the growth potential will come with new opportunities and improved better deals for PNG and our landowners,” he said.
He assured investors and stakeholders that the project was in safe hands.

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PNG Ministers and MRA all set for Xmas shopping in Sydney

Prime Minister O'Neill, Treasurer Patrick Pruaitch, Mining Minster Byron Chan and

Prime Minister Peter O’Neill, Treasurer Patrick Pruaitch, Mining Minster Byron Chan and Petroleum and Energy Minister Nixon Duban will lead the exodus of Ministers, MPs, Governor’s and MRA staff to Sydney for tax-payer funded Xmas shopping next month

All set for Sydney conference

Post Courier | November 19, 2016

The PNG Mining and Petroleum Investment Conference in Sydney will give potential investors a comprehensive overview of the resource sector in Papua New Guinea.

The PNG extractive industry’s flagship summit is scheduled for December 5 at the Hilton Hotel in Sydney, Australia. Prime Minister Peter O’Neill and Treasurer Patrick Pruaitch open the conference and give presentations.

Over 900 delegates and exhibitors representing companies, state agencies, landowner, aid organisations and international investors and financiers will attend the 14th PNG Mining and Petroleum Investment Conference.

Other Cabinet ministers who will make presentations include Mining Minister Byron Chan and Petroleum and Energy Minister Nixon Duban while other ministers, provincial governors and members of parliament are expected to attend.

PNG Mining and Petroleum Chamber executive director, Greg Anderson, said the conference has always been a significant event for PNG, not only to showcase the country’s mineral and petroleum potential to the international market but also to provide investors and financiers a forum to meet industry players and discuss investment opportunities.

“Despite the depressed global commodity market situation and the impact this has had on the PNG economy, there are some exciting resource opportunities emerging in PNG.

Mineral exploration in recent years has resulted in the discovery and early appraisal of two significant copper-gold prospects – Kili Teke west of the Porgera mine, and in the Star Mountains north of the Ok Tedi mine,” he said in a statement yesterday.

“Lihir and Simberi are performing very well and Ok Tedi is well on the path to recovery. There have been two applications this year for Special Mining Leases for Frieda River and Wafi-Golpu projects.

“On the petroleum front, the PNG LNG project has proved to be one of the best LNG start-ups anywhere in the world. With nameplate capacity of 6.9 million tonnes annually, the project was able to ramp up production to a rate of 8 million tonnes per annum in the first quarter of 2016.

This has set the scene for further LNG investment in PNG through the P’nyang gas field in Western Province and the Elk-Antelope gas fields in the Gulf Province.”

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