BY MIRIAM ZARRIGA
A new authority will push through 15 new major resource projects under the supervision of the Ministerial Economic Committee (MEC).
The Treasurer who is also the chairman of the MEC through the national energy authority, a new authority to be established by the department of Petroleum and Energy and the Mineral Resource Authority, Deputy Prime Minister Charles Abel said.
“Under strengthening our economic base, the Ministerial Economic Committee which the treasurer is the chair through the National Energy Authority, which is a new authority we will establish over the department of Petroleum and Energy and the Mineral Resource Authority to drive major new resource projects under supervision of MEC through those agencies we want to give some more input, prominence and energy,” Mr Abel said.
The new resource projects will include the Wafi-Golpu project which is into early works, FEED for the PNG LNG Project expansion in 2018, get on with early works for the Papua LNG, and the pre-feed for Western LNG to be announced in December 2018, including other projects like the Freida mine, according to Mr Abel.