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Showing posts with the label UBSA

PETER O’NEILL PLANNING TO RIP OFF PNG LNG LANDOWNERS - NOTHING COMING UNTIL 2019 - LEAKED SUBMISSION INSIDE

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by JACK TOAPELIS
Prime Minister Peter O’Neill has broken his promise to PNG LNG landowners to support their purchase of 4.27% equity in the project.
A leaked policy submission by the Prime Minister, Treasurer Patrick Pruaitch and Finance Minister Jame Marape says landowners will have to go it alone and raise their own funds to buy the equity.
The Prime Minister had previously agreed to debt financing by NPCP/Kumul Petroleum for the landowners so they could pay for their equity.
This promise was effected in NEC decision 208 of 2015 – now the Prime Minister wants to rescind that decision through his new policy submission.
Virtually all the recommendations in the Prime Minister’s submission are in breach of the 2009 Kokopo Umbrella Benefit-Sharing Agreement.
Indeed the O’Neill Government has always been in breach of the Kokopo UBSA, notably in making agreed payments to the UBSA participants.
As Sir Michael Somare said in a statement late last year: “This government has not paid a toea in royalt…

WHERE ARE LANDOWNERS, LLGS AND PGS LNG EQUITY FUNDS KEPT?

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By Nemo Yalo: Principal of Nemo Lawyers former Acting National Court Judge
former Chief Legal Counsel for Ombudsman Commission

There is in an ongoing public debate between the Government and the Opposition in Parliament regarding the receipt and application of the proceeds from the sale of the LNG. In its 2015 first half Environmental and Social Report, Exxon Mobil states that its US$19billion project loaded the 100th LNG shipment on LNG carrier Methane Spirit on 15 June 2015. The first LNG cargo was shipped on 25 May 2014 destined for Tokyo Electric Power Co. Inc. (TEPCO) in Japan delivered on 2 June 2014. The LNG Project is expected to produce nine (9) trillion cubic feet of gas over 30 years. It has the capacity to produce 6.9 million tonnes per year. The report reads in part:
“The Papua, the first custom-built LNG carrier for EMPNG, arrived at the LNG Plant Marine Terminal on 22 February 2014 to begin loading its first cargo. The 172,000-cubic metre, 290-metre-long LNG carrier is th…

40 YEARS AND PEOPLE ARE STILL SUFFERING:

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by JOHN KEGENGA GUGL

King James Version Bible was brought in by the Politicians, their faith will be Tested by the People on Independence day. Are they really changed or is it for political convenience?

Everyone must go to the Parliament and demand all our politicians and bureaucrats since 1975 to current regime must come forward and say sorry for misleading us in the wilderness for last 40 years in our resources rich country. Why wasting time celebrating the pain and Nightmare caused by their bad decisions and corruption. Some examples of their very bad and corrupted decisions we really feel the pain in our hearts are as follows:

1. Devaluation of kina currency in 1994 by Sir Julius Chan have inflated the skyrocketing price of basic goods and services as a result a poor mother can not afford to send her beloved child or children to bed without decent meal. Nightmare housing rental and etc,

2. Open up the influx gate in Look North Policy in 1987 by Paias Wingti have flooded the foreig…

Papua New Guinea government has no directions for long term landowner issues.

OP/ED
A young cocoa grower in Morobe stopped the Chief Secretary, Manasupe Zurenuoc, not too long ago at the Lae Hotel International for a five-minute door-stop lecture. The farmer, whose name we do not know, wanted to know why the government was paying MoA, UBSA, LBBSA, BDG and a host of other “free” money when the first gas has yet to be sold.
He wanted to know if those like himself in the agriculture sector, which has sustained the economic lifeline of this country for longer than this country has been independent, could have access to similar free money.
He said people in the agricultural sector work hard from sun up to sun down for every morsel of grain or kilogram that is produced which takes many months before anything is paid to them. And, then, it is kina for kilogram and nothing more. We remember this young man’s enquiry with some feeling as we see the mad charade that surrounds the liquefied natural gas like some bad smell that will not go away. The latest was the mob action by …

Papua New Guinea government has no directions for long term landowner issues.

OP/ED
A young cocoa grower in Morobe stopped the Chief Secretary, Manasupe Zurenuoc, not too long ago at the Lae Hotel International for a five-minute door-stop lecture. The farmer, whose name we do not know, wanted to know why the government was paying MoA, UBSA, LBBSA, BDG and a host of other “free” money when the first gas has yet to be sold.
He wanted to know if those like himself in the agriculture sector, which has sustained the economic lifeline of this country for longer than this country has been independent, could have access to similar free money.
He said people in the agricultural sector work hard from sun up to sun down for every morsel of grain or kilogram that is produced which takes many months before anything is paid to them. And, then, it is kina for kilogram and nothing more. We remember this young man’s enquiry with some feeling as we see the mad charade that surrounds the liquefied natural gas like some bad smell that will not go away. The latest was the mob action by …

PNG Politics is Unpredictable

TUNGUBE IGINI

AFTER adjourning parliament, the government thought it would be safe to continue until 2012. But PNG is the land of the unexpected and its politics is unpredictable.  The URP and NA marriage is cracking after James Marape was appointed Hela Transitional Authority (HTA) chairman.
It was bitter for Governor Anderson Agiru, who just returned from New York after delivering the gas agreement. With Sir Puka Temu out of the way, Sir Michael Somare will now have to contend with Agiru. With that in mind, two things may happen. NA must now accommodate URP’s demands or face a vote of no-confidence.
Either way, it will be costly for NA. Whatever happens, the Hela people and the LNG project proponents will feel the impact and Agiru and Sir Michael must know that good things like the Hela gas comes from God. Corruption, hijacking and manipulation are not God’s ways and rewards. Hela sons Agiru and Marape must put Hela’s interest first before politics.
The proposed province and Hela gas is ou…

PNG Politics is Unpredictable

TUNGUBE IGINI

AFTER adjourning parliament, the government thought it would be safe to continue until 2012. But PNG is the land of the unexpected and its politics is unpredictable.  The URP and NA marriage is cracking after James Marape was appointed Hela Transitional Authority (HTA) chairman.
It was bitter for Governor Anderson Agiru, who just returned from New York after delivering the gas agreement. With Sir Puka Temu out of the way, Sir Michael Somare will now have to contend with Agiru. With that in mind, two things may happen. NA must now accommodate URP’s demands or face a vote of no-confidence.
Either way, it will be costly for NA. Whatever happens, the Hela people and the LNG project proponents will feel the impact and Agiru and Sir Michael must know that good things like the Hela gas comes from God. Corruption, hijacking and manipulation are not God’s ways and rewards. Hela sons Agiru and Marape must put Hela’s interest first before politics.
The proposed province and Hela gas is ou…