The Papua LNG Development Forum has commenced in Port Moresby, marking a critical legal milestone under Papua New Guinea’s petroleum laws.
The event, set to be officially launched by Prime Minister James Marape, focuses on advancing the regulatory and operational framework for the country’s liquefied natural gas expansion.
This development follows recent efforts by political leaders to quell concerns over compensation for communities affected by the project.
Officials have asserted that no landowners will be excluded from payments, aiming to stabilize social license and reduce operational risks associated with the development.
The forum serves as a platform to formalize these commitments and align stakeholders on the project's legal and financial structure.
For the broader LNG market, progress in Papua New Guinea is significant given the region's role as a major supplier to Asia.