KPHL managing director, Wapu Sonk when applauding the announcement on March 6, 2023 said the development paves the way for an additional LNG train to be owned by KPHL, unlocking previously inaccessible gas reserves and creating significant value for Papua New Guinea.
He said: “Papua LNG is the country's next large-scale LNG development and will bring many short and long-term benefits to the nation. Kumul Petroleum is ready to take up the State's 22.5% share in the project after FID.”
