The Papua New Guinea Chamber of Resources & Energy (PNG CORE) has welcomed the inaugural meeting of the National Petroleum Authority (NPA) board, held in Port Moresby, describing it as an important step toward strengthening governance in the country’s petroleum sector.
PNG CORE interim executive director Philip Samar commended the new leadership team led by Petroleum Minister Jimmy Maladina and board chairman Hubert Namani, saying the early convening of the board signals a commitment to establishing a sound governance framework for the Authority.
“Regular board meetings are central to good governance. They provide clear oversight, ensure accountability and support transparent and informed decision-making,” Samar said.
He noted that in Papua New Guinea’s petroleum and energy sector — where projects typically require substantial long-term capital investment — regulatory stability and institutional strength are essential to maintaining investor confidence.
“For Papua New Guinea’s petroleum and energy sector, where projects require significant long-term capital investment, strong governance and regulatory stability are critical to maintaining investor confidence,” Samar said. “An active and engaged board is essential in setting strategic direction, monitoring performance and managing risks in the best interests of stakeholders and the country.”
Samar also encouraged other regulatory agencies across the industry to adopt independent board structures to reinforce accountability, enhance investor trust and improve sector outcomes.
PNG CORE said it looks forward to constructive engagement with the NPA board and management to advance policy alignment, strengthen regulatory clarity and support the responsible development of Papua New Guinea’s petroleum resources.
The chamber reiterated its commitment to initiatives that promote stronger governance, improved transparency and long-term sustainable growth across the extractive industry.
