Operator of the US$19 billion PNG LNG Project, ExxonMobil PNG has come onboard as the third platinum sponsor for the Inaugural Papua New Guinea (PNG)-Asia Investment Conference in Hong Kong.
Hosted by the PNG Chamber of Mines and Petroleum under the theme ‘Partnership for Prosperity’, the PNG-Asia Investment Conference will take place at the Kowloon Shangri-La Hotel from the 16th to 17th October 2023.
With registration numbers and sponsorship takers picking up, the conference is expected to be well attended with delegates including representatives of some of the largest investment houses and organisations in China and other Asian markets, as well as business and government leaders from PNG.
It will showcase the strong and enduring success of Asian investment into PNG, the robust trade linkages between Asia and PNG and particularly delving into how PNG is actively catalyzing the growth of Asian investments through its energy sector and other export avenues.
PNG LNG Project being a major supplier and has four long-term customers in the Asia region particularly, Sinopec, JERA Co.Inc, Osaka Gas Co. Ltd, and CPC Corp.Taiwan, and is a classic example of the success stories the conference sets to highlight.
ExxonMobil PNG Chairperson and Managing Director Tera Shandro said ExxonMobil’s Outlook for Energy predicts by 2050 the world population will increase by around 2 billion people and to meet this demand natural gas will play a critical role thanks to its abundance, low cost, and ability to reduce emissions.
“Papua New Guinea – through its geographical location and high-quality resources – is well positioned to support this growing demand especially here in the Asia Pacific where its countries are set to be a core natural gas customer for decades to come.
We’re excited to continue supporting the PNG Chamber of Mines and Petroleum to raise the profile of the strong pipeline of investment potential Papua New Guinea offers,” she said.
President of the PNG Chamber of Mines and Petroleum Anthony Smaré in welcoming ExxonMobil PNG as a platinum sponsor stated, “PNGLNG is a demonstration of the strong linkages between PNG and Asia through the fact that its major customers are in the Asian markets. The sustained success of the PNGLNG, under Exxon Mobil’s leadership, in supplying these important markets is a great illustration of the reliability of PNG as an important trade partner for Asian partners, and it is fitting that the PNGLNG story will be featured and promoted in Hong Kong at this conference.”
