- Port Moresby
- Posted 22nd Mar, 2018
2nd PNG Petroleum & Energy Summit a success
Kumul Petroleum Holdings Limited (KPHL), Papua New Guinea’s national oil and gas company, hosted a successful 2nd PNG Petroleum & Energy Summit this week.
The two-day summit was officially opened by the Prime Minister, Hon Peter O’Neill, on Monday and was well attended by international and local entities and delegates.
Government dignitaries, including Deputy Prime Minister and Treasurer Hon Charles Abel, Petroleum Minister Hon Dr Fabian Pok and Communications, Information Technology and Energy Minister Hon Sam Basil made presentations at the summit.
The summit was held under the overarching theme of “Developing PNG’s Petroleum and Energy Sectors to Ensure Sustainable Development & Growth” with key session topics such as project updates, government policies, project finance, developing domestic energy markets and alternative energy supply options.
The summit again brought international companies to PNG to provide a platform for disseminating information and harnessing collaboration. These companies included METI, JERA, Tokyo Gas, Mitsui OSK Lines, ExxonMobil, Oil Search and Santos.
KPHL Managing Director Mr Wapu Sonk said: “As host sponsor of this premier event, KPHL is happy with the successful and productive outcome of this summit.
“Whilst the inaugural summit last year was an overwhelming success, this meeting also successfully achieved its objective of providing a forum for top-level discussion and collaboration on key petroleum and energy issues.
“The most important aspect of this summit was creating the avenue for LNG buyers and sellers and those corporate entities involved in the energy sectors to meet together to talk about current and new developments.”
About Kumul Petroleum Holdings Limited (KPHL)
KPHL is the State’s nominee for all petroleum developments in Papua New Guinea and as such has the right to participate in future projects such as the Papua LNG Project. KPHL already holds equity in the country’s foundation LNG project along with other petroleum assets. KPHL is mandated to protect and maximize the value of the State’s petroleum assets for its ultimate shareholders - the 8 million plus people of PNG. www.kumulpetroleum.com
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