Fuel suppliers represented by the Papua New Guinea Chamber of Resources & Energy (PNG CORE) said they would transition to market-based pricing effective May 15 following delays and uncertainty surrounding the government’s fuel subsidy reimbursement program. In a statement, PNG CORE, which represents the country’s fuel importers and suppliers, ackno...

Kumul Petroleum Holdings Limited has announced an upcoming change in board leadership, with chairman Gerea Aopi, MBE, set to hand over the role to fellow director Isaac Lupari, CBE GCL, effective May 19. The transition follows requirements under the Kumul Petroleum Holdings Limited Act, which mandates the retirement of directors upon reaching the age o...

Santos has announced a final investment decision (FID) to proceed with the Agogo Production Facility (APF) Tie-In Project in Papua New Guinea following approval by the PNG LNG joint venture, with first gas targeted in the second quarter of 2028. The brownfield development will involve the installation of a new 19-kilometre pipeline linking the Santos-o...

ExxonMobil PNG is proud to celebrate the incredible achievements of women thriving in the field of information and communications technology (ICT) across its PNG LNG Project operations. Their success is a testament to their strength and resilience despite the challenges faced by women and girls in accessing ICT education and opportunities in Papua New Gui...

Newly appointed Kumul Petroleum Holdings Limited director Isaac Lupari has inspected two major company projects, citing strong progress as the state-owned firm advances infrastructure tied to the country’s energy security and petroleum sector development. Lupari on 2 May visited the Motukea Fuel Facility and the Caution Bay Training and Fabrication Fac...

Papua New Guinea has reaffirmed the strength and consistency of the Papua LNG project framework, underscoring the role of established joint marketing arrangements in supporting long-term revenue stability and investor confidence. The Ministry of Petroleum in April reiterated a press statement issued on March 13, 2026. Minister for Petroleum Hon. Jimmy ...

Prime Minister James Marape said the government will review the unresolved 4.27% equity in the PNG LNG project, signalling a broader reset of benefit-sharing arrangements to improve returns for landowners and provincial governments. Responding in parliament to Komo-Hulia MP Daniel Tindipu, Marape said the equity component—linked to agreements struck be...

The Government has secured significant structural and financial gains for Papua New Guinea following its review of the 2019 Papua LNG Agreement, Petroleum Minister Jimmy Maladina said, asserting that the outcomes firmly favour the State despite ongoing political criticism. Speaking on 19 March, Maladina said the review delivered “tangible outcomes in f...

A new board of directors for Petroleum Park Holdings Limited (PPHL), a subsidiary of the Konebada Petroleum Park Authority (KPPA), was sworn in on Monday. The ceremony was officiated by Magistrate Billy Pidu and witnessed by International Trade and Investment Minister Richard Maru, who is also responsible for KPPA. Sworn in as board members were Amb...

 Kumul Petroleum Holdings Limited, Hevehe Petroleum Limited and Twinza Oil (PNG) Limited have signed a Memorandum of Understanding (MoU) to jointly investigate gas aggregation opportunities in the Gulf of Papua. The agreement provides a framework for the parties to undertake joint studies and evaluate the technical and commercial feasibility of aggrega...

Petroleum projects in Papua New Guinea have recorded encouraging progress, with Petroleum Minister Jimmy Maladina welcoming significant advances on the APF Tie-In Project, citing major regulatory approvals and community agreements as critical milestones toward full project sanction. Speaking from Singapore on behalf of the national government, Maladina...

The Government has appointed Johnson Pundari as the new acting chief executive officer of the Konebada Petroleum Park Authority (KPPA), tasking him with reviewing the future use of key State-owned land earmarked for industrial development. The Minister for International Trade and Investment, Richard Maru, who is also the minister responsible for KPPA, ...

Papua New Guinea has achieved a landmark financial milestone with the PNG LNG Project fully retiring its bank-financed debt six months ahead of schedule, Prime Minister James Marape announced during a site visit to the LNG facilities on 28 December 2025. The repayment marks a major achievement in the country’s economic history and reinforces PNG’s credibi...

Papua New Guinea’s Minister for Petroleum Jimmy Maladina has formally addressed the newly sworn-in Board of the National Petroleum Authority (NPA) under the National Petroleum Authority Act 2025. The ceremony was held 24 November in Port Moresby. The inaugural NPA Board comprises: Chairman Hubert Hanjause Namani Mr. Dairi Vele (Deputy ...

Kumul Petroleum Holdings Limited responded to the announcement that the PNG LNG Project Joint Venture, in which KPHL holds a 19.4% interest, has accelerated the final repayment of the PNG LNG project finance facility, bringing it to a close earlier than expected. The project has delivered strong and sustained performance and benefits to Papua New Guinea s...

Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has reaffirmed major reforms and significant project progress in the country’s petroleum sector, announcing that 2026 will be a pivotal year for exploration, licensing and LNG project development. Speaking at the PNG Investment Summit in Sydney, Maladina said the Marape–Rosso government’s commi...