THE Public Accounts Committee’s inquiry into Kumul Petroleum Holdings Ltd (KPHL) which was to begin yesterday has been “stalled” because of a court case filed by the company.
KPHL is seeking orders to stop the committee from investigating the company operations.
Committee chairman Sir John Pundari said yesterday that the inquiry had to be postponed.
“It’s basically due to the fact that the PAC inquiry has been challenged and the case is now before the courts. Therefore, the inquiry has been stalled.”
The inquiry is to look into the aggravated income generated from the 500-plus shipments made since the start of the PNG LNG project.
The first shipment left PNG in May, 2014. The committee asked KPHL to provide information on:
- How much has been has been made so far in the export of liquefied natural gas;
- how much of that money had been given to the State and landowners;
- how much has been given to the provincial government of the affected areas for development and infrastructure; and,
- How much was used for KPHL’s operating costs.
The inquiry was to begin on Oct 22 but was delayed for two weeks following a request by lawyers representing KPHL.
It was postponed to Nov 5.