Prime Minister Hon. James Marape’s recent meeting with senior ExxonMobil executives in Houston marks a pivotal milestone for Papua New Guinea’s energy sector and broader economic future. The advancement of major gas projects—including Papua LNG, P’nyang LNG, and Wildebeest—represents far more than resource development; it is a cornerstone of national growth and development.
These projects are set to unlock billions in foreign direct investment, generating critical revenue and creating substantial, long-term employment opportunities for Papua New Guineans during both construction and operational phases.
Local communities will benefit from enhanced infrastructure, comprehensive training programs, and the growth of related industries. At the same time, the national economy will be strengthened through increased exports, active participation of domestic businesses, and government royalties.
The agreements signed reaffirm a bold, forward-looking partnership between Papua New Guinea and ExxonMobil, founded on mutual benefit, transparency, and a shared commitment to sustainable development.
This collaboration marks a positive step towards PNG’s continued prosperity and elevated position in the global energy landscape.