PNG LNG Revenues to the Government and people of PNG
PGK 10.4 Billion PGK 2.1 Billion PGK 1.5 Billion PGK 1.3 Billion PGK 14.9 Billion Amount since 2014 *(start of production through January 2025)
Revenue Stream
Tax
Distributions to Kumul Petroleum Distributions to MRDC (Landowners)
KUMUL PETROLEUM
Royalty
Development Levy
PGK 30.2 Billion
Total Benefits to the State
For over 10 years of Production, the PNG LNG Project has contributed over 30 billion kina in total benefits to the State of Papua New Guinea. This infographic shows the amount of revenues paid by the PNG LNG Project to the Government and people of PNG since LNG production started in 2014. All figures shown are for amounts paid or payable through January 2025. The PNG LNG Project generates five primary revenue streams. These include equity distributions paid to Kumul Petroleum Holdings Limited (KPHL) and MRDC, which is based on the amount of equity in the PNG LNG Project held by each (KPHL – 19.4% and MRDC – 2.8%). Different types of tax including company tax are paid to the Internal Revenue Commission. In 2024, Tax payments alone to the State were over PGK 4 billion, the largest in the Project’s history. Development Levy and Royalties are paid to the Department of Petroleum and Energy in line with the Oil and Gas Act for the benefit of respective Project areas, provincial and local level governments plus landowner beneficiaries.
PNG LNG is operated by a subsidiary of ExxonMobil in co-venture with:
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