PAPUA NEW GUINEA NEWS, FACTS, INFORMATION, STORIES AND INSPIRATIONS

O'Neil's Condolence Message to the Late Rt. Honourable Sir Julius Chan, GCL, GCMG, KBE, PC and Governor, New Ireland Province and Former Prime Minister

Image
By: Peter O'Neil, MP. My speaking notes at the Funeral this evening of the Late Rt. Honourable Sir Julius Chan, GCL, GCMG, KBE, PC and Governor, New Ireland Province and Former Prime Minister Lady Stella Chan, Vanessa, Byron, Mark and Toea and your extended family Thank you for giving us the opportunity to pay our respects to this Great Leader of our country and our people.   Sir Julius as known to all of us, was a man amongst men. A leader of leaders and a statesman who dedicated his entire adult life contributing enormously to nation building.   As one of the founding fathers, Sir Julius served his country and people well. A service to his community and his stance on good governance are his public legacy. Shining examples of not just doing what is good for our people but also ensuring it is done right.   Doing the right thing is not always the easy thing but Sir J demonstrated over and over that this doing the right thing by Papua New Guinea was the only cou...

PRIME MINISTER JAMES MARAPE INVITES JAPANESE COMPANY SOJITZ TO INVEST IN PNG LNG

png national news today, png national news updates, national news png today, png national newspaper today, png loop news update, png latest news updat



PM MARAPE INVITES JAPANESE COMPANY SOJITZ TO INVEST IN PNG LNG

Approved For Release: September 29, 2022 - Marape Rosso Government.

Prime Minister Hon. James Marape has invited leading Japanese company Sojitz Corporation into the upstream and downstream processing of liquefied natural gas (LNG) in Papua New Guinea.

He made the invitation to Sojtiz during a meeting with President and CEO, Masayoshi Fijumoto, and his delegation in Tokyo on Tuesday (September 27, 2022) during his one-day visit to attend the state funeral of former prime minister Shinzo Abe and bilateral meeting with current Prime Minister Hon. Fumio Kishida.

PM Marape – who was accompanied by International Trade and Investment Minister Hon. Richard Maru, East Sepik Governor Hon. Allan Bird and PNG Ambassador to Japan H.E. Samuel Abal – said the Government would make land available for Sojitz to come into PNG in a big way.

PM Marape said Sojitz had been wanting to venture into downstream processing of LNG in PNG, as well as go into the upstream sector, and apologised for delays in making this become a reality.

Sojitz Group, which has been in PNG since 1963 when it started exporting lumber to Japan, is engaged in a wide range of businesses globally, including manufacturing, selling, importing, and exporting a variety of products, in addition to providing services and investing in diversified businesses, both in Japan and overseas. 

It is particularly wanting to break into the petro-chemical industry in PNG - for which it already has an agreement with Kumul Petroleum Holdings Ltd (KPHL) - to produce ammonia.

"You have been waiting patiently for the last six to seven years," PM Marape told the Sojitz delegation.

"Now that I am prime minister, we have no excuses not to progress these business intentions of Sojitz, an established company in Japan which is also involved in business in PNG since 1963.

"I thank Sojitz for its continued presence in PNG since 1963 and we have a special place in our heart for you."

PM Marape said Minister Maru has been tasked with bringing in investors such as Sojitz into PNG and he would be a "one-stop shop" for all foreign investors.

He asked Sojitz for a fresh expression-of-interest which would be fast-tracked by his Government as a matter of urgency.

"This is consistent with the global trend into the cleaner energy space," PM Marape said.

"Going forward, the Government in keen on KPHL getting more gas for the domestic market, at an affordable process.

"Sojitz is welcome to partner in downstream processing of gas.

"If you can give me cheaper petrol and cheaper diesel, and even the ammonia that you want to process, you're my friend for life.

"Papua New Guinea needs to find solutions to the expensive petrol and diesel we are currently importing.

"It is ironic that we produce oil and gas, however, continue to import expensive petroleum products PM Marape said there were also opportunities in the upstream for Sojitz to go into.

"KPHL will now have first right to some of the smaller gas projects, and Sojitz is most welcome to join," he said.

"If you want to go into upstream by yourself, you don't have to partner with KPHL, you can go in on your own as well as in the midstream and downstream."

---|||---

Comments

Full speech: Australian Prime Minister Anthony Albanese's Address to Papua New Guinea's Parliament

POPULAR POSTS

LISTS OF FULLY FUNDED SCHOLARSHIPS FOR 2023 - 2024

BRIEF HISTORY OF SIR IGNATIUS KILAGE - THE FIRST PRIEST

The Minister for Health, Hon. Dr. Tom Lino has highlighted what the people of Papua New Guinea should be expecting in HEALTH in the NEXT THREE MONTHS.

Contact Form

Name

Email *

Message *

PLEASE FOLLOW AND SHARE

JOIN OUR GROUP

Total Pageviews