The Papua New Guinea Liquefied Natural Gas (PNG LNG) is the largest single business investment in Papua New Guinea’s history. It has helped launch a new industry and, in the process, has delivered more than PGK28 billion back to the nation since first gas in 2014. #PNGPartnership #PNGLNG | ExxonMobil PNG
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Through the #PNGLNG Project, ExxonMobil has a proven history of generating value for Papua New Guinea. Since the start of production in 2014, the Project has paid over PGK 20 billion to the Papua New Guinean State. Revenue is delivered through five streams. This includes equity distributions paid to Kumul Petroleum Holdings Limited (KPHL) and Mineral Resources Development Company (MRDC) based on the interest they hold in the Project. Different types of tax, including company tax, are paid to the
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