THE 2024 PNG Petroleum and Energy Conference this October will promote investment opportunities in PNG, while also discussing the transitioning to a greener energy future.
Petroleum and Energy is a major contributor in the economic growth of Papua New Guinea and Kumul Petreleum Holdings Limited is proudly hosting PEC 24.
The Managing Director Wapu Sonk highlighted there are enormous investment opportunities in this space and Papua New Guinea is ready to welcome investors.
“Resources development is central to economic growth in Papua New guinea and as the world moves towards to a greener energy future, LNG is an essential transition fuel, both domestically and internationally,” Mr Sonk said.
“While PNG transitions to more sustainable production of energy in the country, we aim to market our LNG in the global market in a more responsibe way than in the past.”
Mr Sonk noted that the line-up of key speakers at the conference are at the cutting edge of energy production and he looked forward to the open discussion that will take place.
“We are bringing together key Government officials, regional industry leaders, resource/landowners, operators, innovators and service providers to share their views on the future direction of the petroleum and energy section in the region and the rest of the world.
“This includes Dr Fereidun Fesharaki, a globally recognized economist in the oil and gas sector, and Daniel Johnston, a renowned expert on fiscal financing in the petroleum sector.
“As the PNG economy advances under the leadership of the Marape Government, now is the time for national and international businesses to step up their intevestment in PNG’s core energy sectors.
“PEC 24 is the only industry specific conference focusing Soley in the petroleum and energy space, and it is being held at the Hilton Hotel in Port Moresby on 17 and 18 of October.
“The 2024 PNG Petroleum and Energy Conference has already garnered a lot of national and international interest, and I look forward to connecting key industry participants.”
