03-25-2014, 01:41 AM
TCK or TEMASEK ???
http://dev.postcourier.com.pg/busineess/#.UzBRxfldWtI
Micah welcomes Pavilion Energy to invest in PNG
MINISTER for Public Enterprises and State Investments Minister Ben Micah has welcomed into Papua New Guinea Singapore’s multi billion kina State subsidiary company Pavilion Energy.
Pavilion Energy is a subsidiary of TEMASEK, the Sovereign Wealth Fund of the Republic of Singapore and recently purchased a 20 per cent interest in the Tanzania Gas Blocks for US$1.288 billion.
The company is considering to invest huge sums into the PNG gas projects.
According to a statement from the Ministry of Public Enterprises and State Investments, Mr Micah met with the company’s Group chief executive officer Seah Moon Ming and other executives.
He had during the occasion formally welcomed Pavilion Energy to invest in the country especially in the Oil and gas sector.
Mr Micah said there is a lot of room for investors like Pavilion Energy and had invited the company to invest in the Upstream, Midstream and Downstream of the gas development.
Further to also work together with the PNG State company, the National Petroleum and Gas Company , NPCP.
He said the Government now wants to be actively involved in participation in the development of resources and want to own part of the business and is seeking to work in partnership with such companies as Pavilion Energy
Mr Micah said the company is a classic example of what PNG can achieve if it properly manages its funds coming in from its gas resources and proper management of State owned Enterprises.
http://dev.postcourier.com.pg/busineess/#.UzBRxfldWtI
Micah welcomes Pavilion Energy to invest in PNG
MINISTER for Public Enterprises and State Investments Minister Ben Micah has welcomed into Papua New Guinea Singapore’s multi billion kina State subsidiary company Pavilion Energy.
Pavilion Energy is a subsidiary of TEMASEK, the Sovereign Wealth Fund of the Republic of Singapore and recently purchased a 20 per cent interest in the Tanzania Gas Blocks for US$1.288 billion.
The company is considering to invest huge sums into the PNG gas projects.
According to a statement from the Ministry of Public Enterprises and State Investments, Mr Micah met with the company’s Group chief executive officer Seah Moon Ming and other executives.
He had during the occasion formally welcomed Pavilion Energy to invest in the country especially in the Oil and gas sector.
Mr Micah said there is a lot of room for investors like Pavilion Energy and had invited the company to invest in the Upstream, Midstream and Downstream of the gas development.
Further to also work together with the PNG State company, the National Petroleum and Gas Company , NPCP.
He said the Government now wants to be actively involved in participation in the development of resources and want to own part of the business and is seeking to work in partnership with such companies as Pavilion Energy
Mr Micah said the company is a classic example of what PNG can achieve if it properly manages its funds coming in from its gas resources and proper management of State owned Enterprises.