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Port Moresby
January 26, 2021
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LNG Shipment Countdown

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With the heavy revenue flow from the LNG Project into the country in coming months, Public Enterprise Minister, Ben Micah says businesses will be booming, and he urged all SOEs and the private sector to work together, so that all parties benefit.

Mr. Micah said a new policy framework has been drafted, and will be presented in parliament for debate on Monday. He discussed the framework to SOE chairmen and representatives from the private sector at the swearing in ceremony of new IPBC board chairman, Paul Nerau.

 

Paul Nerau was sworn in this afternoon as the board chairman of the Independent Private Business Corporation or IPBC. Dr. Moses Sao was sworn in as a board director.

 

Minister for Public Enterprise, Ben Micah, including chairs of respective State owned enterprises and representatives from the public sector, witnessed the ceremony. The minister talked about the launching of the first LNG shipment in the next 48 hours.

 

Mr. Micah said business will be booming in the country with the revenue inflow generated by the multibillion kina LNG Project, and it is very important that the money is put into the right purse.

 

A new policy framework has been drafted and eill be presented in parliament next week. He said the board will be working closely with all SOEs and the private sector, to make sure all align their operations with the new policy.

 

Newly sworn in board chairman and successful businessman, Paul Nerau, said his board will ensure that effective services be delivered and all parties benefit, particularly the resource owners.

 

The minister said the country will be launching many projects in years to come, which will generate heavy revenue. He said it is crucial that services and lives are improved in these years, and urged all SOEs and the private sector, to work closely with IPBC, and comply with the new policy framework and make this happen.

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