Who are our Shareholders?
HGDC is not owned by one individual shareholder. The Company’s shareholders are the 14 regional landowner companies that are represented on the HGDC Board by their elected leaders.
Shareholders of Hides Gas Development Company Ltd are;
Tukupa Development Corporation Ltd
Kewapa Development Corporation Ltd
Gigira Development Corporation Ltd
Timalia Gangulu Hahai Ltd
Tugu Tapira Ltd
Hides 4 Holdings Ltd
Komo Umbrella JV Ltd
Angore Corporation Ltd
JP Karai Hides Ltd
Buluaro Holdings Ltd
Hides Hiwa Igini Ltd
Tuguba Holdings Limited
The shareholders of Regional Landowner Companies elect their own Directors. The Directors of the respective regional lancos appoint their representatives to be Directors on the HGDC Board.
HGDC employs a competent management team to run the day to day operations of the company.
Hides Gas Development Company Ltd has a signed Service Outline Agreement (SOA) with ExxonMobil PNG Limited for the PNG LNG Project. Apart from our reserved business areas, HGDC continues to seek new commercial opportunities to expand the business platform beyond the PNG LNG Project.
We also have other partnerships with other reputable firms to provide other services to the PNG LNG Project.