The MRDC holds participating equity interest on behalf of project area landowners and respective provincial governments in the PNG LNG Project. Under the UBSA and LBSA signed in 2008 and 2009 respectively, the 2.81% equity interest is shared amongst landowners from the gas fields, the pipeline and processing facilities, and the Hela, Southern Highlands, Gulf, Western, and Central provincial governments.
Mineral Resources Development Company Limited (MRDC) is registered under the Companies Act 1997 and is wholly owned by the State. Since 1975, MRDC has proudly managed landowner and provincial equity in Papua New Guinea’s resource sector — building wealth, empowering communities, and shaping a legacy of progress.