Peter O’Neill

Developers to hold state’s equity

This is to ensure the state does not borrow to purchase equity in a project.

“The initial understanding we have with the second LNG and in particular Wafi-Golpu is that our participation in equity will be carried by the developer until the first export of either the gold and copper from Wafi-Golpu or in the second LNG Project, meaning we don’t have to borrow large sums of money that we are unable to repay.

PM anticipates billions from projects

Prime Minister Peter O’Neill said both projects, if approved, will bring in an investment of US$26 billion (K82.6 billion) and will have a significant injection into the economy of our country.

He said this in parliament on January 22nd.

“In total there will be close to US$26 billion, which is close to K100 billion investment in the country and that will have a significant injection into the economy of our country,” said O’Neill.

PM confident in Papua LNG benefits

This is in addition to other benefits that the State will get through a National Content Plan and Domestic Market Obligation.

The Prime Minister said this in Parliament yesterday in its first sitting.

“I think we are aiming for very good benefits out of this particular project in terms of equity that we will fully participate in that. In terms of royalties, (and) domestic market obligation.

Basic LNG framework agreed to: PM

Following the signing of the Memorandum of Understanding between the State and Total and its partners, ExxonMobil and Oil Search, the Prime Minister said they are happy with the current framework.

Kramer questions PM on longstanding issues

Among other things, Bryan Kramer asked if the other countries pay their teachers 12 toea a fortnight.

As his supplementary question on November 9th, the Madang MP once again raised the longstanding issues that are affecting average Papua New Guineans on the floor of Parliament.

“Hamaspla i gat polio, hamaspla i gat drug shortij, hamaspla i baim titcha blo ol 12 toea, hamaspla i baim APEC CEO K500,000 – em sidaun lo baksait ya, mi no save, em niupla APEC ofis blo yumi?” Kramer stated whilst pointing across the floor.

Judge leaders through deeds, not social media posts: PM

He made this remark recently in Enga when signing the decentralisation of powers to the Enga Provincial Government.

O’Neill said Enga has quality leaders that will strengthen and embrace the work of autonomy in the province. 

“Work together and support the leaders rather than listening to petty politics on Facebook,” stated the PM.

He reiterated that for the last six years, the Government has been funding the districts and provinces through the DSIP and PSIP funds but people continue to complain.

PM brushes away Opposition’s claims

Opposition Leader Patrick Pruaitch accused the Government of diverting K150 million to a separate account rather than the Disaster Trust Account set up on March 1, 2018.

He claimed that there has been no transparency on the restoration work carried out by the Controller of National Disaster state-of-emergency.

PM response on tri-lateral fund

He said this in light of the recent announcement of a tri-lateral fund from the United States, Australia, and Japan, to counter the presence of China in the Pacific.

O’Neill said it was healthy there was competing sources of financing for the PNG.

“We need to have access to cheaper funds, and what it means is that the competition between China and Australia and the United States on the availability of funds to the Pacific and economy’s like Papua New Guinea at much lower rates is in the best interest of our country.

PM rebukes weekend violence

A confrontation between the army and members of the public ensued in Port Moresby over the weekend.

The tensions were a result of a car accident involving some soldiers, which escalated after they were attacked by the public, resulting in one soldier being hospitalised and another succumbing to his injuries on Saturday night.

In a statement, PM O’Neill said: “Any dispute should be settled by relevant legal authorities, and under no circumstances should groups take the law into their own hands.

All MPs receive funding: PM O’Neill

Prime Minister, Peter O’Neill, made this announcement on Monday in Port Moresby when welcoming the three MPs from the Opposition joining the Government benches.

O’Neill confidently told media that all MPs have all received their DSIP and PSIP funds regardless of which side of the house they are in.

He added that the Government had budgeted for K10 million each for all MPs and made an assurance that the remaining balance will be paid to them before the end of this year.