More Study Required for LNG
National Editorial PNG is ill-prepared for the impact of liquefied natural gas (LNG). So far, we have watched the progress from gas agreement in May 2008 to financial closure on March 11 with little more than fascination. We have heard the talking-up of PNG LNG, about the enormous wealth creation and its potential to change our fortunes but thought little of how it might impact us individually or as a community. Partly, this has been because there has been little to work on. Nobody has given us any clue on the full cost and benefit of this project. The blame for this must be placed squarely at the doorstep of the executive Government and on the steps of Parliament House. While there has been a ministerial economic committee formed for the express purpose of the LNG project, its sole purpose, so it would seem, up to now has been to speed up the approval of the project. Little has been done by way of preparing the nation for the effect which will have a tsunami-like consequence upon PN