Papua New Guinea Prime Minister James Marape on Monday urged mining investors to get on with developing their resources, pushing for more downstream processing in the country and more local employment.
"We understand you are not a charity but please take my people with you," Marape said at the conference, referring to companies looking to develop resource projects.
Marape has been pressing for PNG to receive a bigger share of the benefits from mining and energy projects since he first became prime minister in 2019, and so far has succeeded in renegotiating deals with energy giants ExxonMobil CorpHe highlighted the country's proximity to resource-hungry Asian nations as an advantage for its mining and liquefied natural gas exports. The biggest single foreign investment in the country is the PNG LNG project, run by Exxon.
"Last year when I visited China I was able to sell 3 million metric tonnes of gas. Papua New Guinea is using its bilateral network and multilateral networks to trade and can find markets," Marape said. The next major gas development awaiting a final investment decision is the Papua LNG project. TotalEnergies has said it aims to decide whether to go ahead with the project around the end of 2023.
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