Kumul Petroleum Holding Limited is responsible for managing State participation in the thirty-year PNG LNG Project and all other petroleum developments in the country. KPHL holds 16.57% equity in the PNG LNG Project, the third largest shareholder after ExxonMobil (33.2%) and Santos (42.5%). The PNG LNG Project is expected to produce more than 9 trillion cubic feet of gas over its estimated 30 years of operations.
The Kumul Petroleum Strategy 2023-2027 provides a framework of strategic themes and associated objectives that will enable the company, with sufficient financial standing and professional staff, to participate in the development of the non-renewable and renewable energy resources of the country in the decades to come. The Strategy has six strategic themes with 27 associated strategic objectives.