Sir Moi wants industry to embrace change

EVERY gas-producing country dedicates a certain percentage to promote industrial development by creating an industry that provides jobs, says Sir Moi Avei.
Sir Moi is the chairman of Kumul Petroleum Holdings
Limited and Ok Tedi Mining Limited.
He told the Petroleum and Energy Summit in Port Moresby yesterday that gas was needed for electricity “because there is a direct relationship between industrialisation and electrification”.
“I want to ask the industry to embrace this change, not because the government is about to wield the big stick over domestic market allowance or the national content,” he said.
“It’s in our self-interest to embrace this change.”
He said there were two changes taking place in PNG – population growth and urbanisation.
“We see long queues of young people in education institutions and others seeking jobs,” he said.
“The second change is urbanisation.
“Whether we like it or not, much of human history has always followed that trend.
“People follow the bright lights for better education opportunities and health facilities for their children.
“It is therefore a compelling reason why the government has to shift the focus now on gas for domestic development.
“We should embrace that to protect our self-interest because social stability is what will protect your investors in our country, not guns and riot squads.”