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The Papua New Guinea Government and Pasca A offshore gas project developer, Twinza, have reaffirmed their commitment to advancing the project, according to State Negotiating Team chairman Dairi Vele.
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noting that the MRDC will own 50% of the investment in the Pasca A project, partnering alongside Twinza Oil Ltd. “This is a watershed moment for PNG’s oil and gas sector, especially as we approach the ...
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According to the PNG government, the state would get an initial 20 per cent equity in the project — split between land owners, the national government and provincial government.
“This project represents a major step forward for Papua New Guinea’s energy future. It will not only expand access to reliable electricity but will also contribute to the country’s climate goals by ...