Micah welcomes Singapore energy firm

 PUBLIC Enterprises and State Investments Minister Ben Micah has welcomed Singapore’s multi-billion kina state subsidiary company Pavilion Energy into Papua New Guinea.
Micah met with the Pavilion Energy’s group chief executive Seah Moon Ming and other executives in Port Moresby last week and urged the company to invest in the country’s oil and gas sector.
The Singapore firm is a subsidiary of Temasek, the sovereign wealth fund of Singapore, which recently acquired a 20% interest in the Tanzania gas blocks for US$1.288 Billion.
According to the company, it was considering to invest huge sums in PNG gas projects.
Saying there was a lot of room for investors like Pavilion Energy, Micah invited the company to invest in the upstream, midstream and downstream segment of the gas development.
He urged Pavilion Energy to work together with the state company National Petroleum Company of PNG (NPCP).
Micah said the government wanted to be actively involved in the development of resources as well as in owning part of the business.
He said it was seeking to partner with Pavilion Energy.