Political leaders in Papua New Guinea have moved to quell concerns over compensation for communities affected by the Papua LNG project, asserting that no landowners will be excluded from payments.
The assurance comes as the Papua LNG Development Forum convenes in Port Moresby, with the project's official launch scheduled for Friday by Prime Minister James Marape.
The commitment to inclusive payment structures is critical for maintaining social license and operational continuity for the development.
Local stakeholders have long emphasized the need for transparent benefit-sharing mechanisms, and the government's stance aims to preempt potential disruptions or legal challenges that could delay the project's timeline.
The forum serves as a key platform for aligning government, industry, and community interests ahead of the launch.
With global LNG demand projected to surge significantly in the coming decades, securing stable supply sources like Papua LNG is a priority for international buyers and investors alike.
Market participants will be watching for concrete details on the payment framework and any announcements regarding project timelines or investment commitments during the forum.
The successful resolution of landowner issues could bolster confidence in the project's viability and contribute to broader energy market stability.