Inaugural PNG Petroleum and Energy Summit starts today
By: Post Courier – 28th February 2017
The Inaugural PNG Petroleum and Energy Summit is aimed at building platforms for future projects in the petroleum and energy sector. Speaking to the media yesterday, Kumul Petroleum Holdings Limited (KPHL) managing director Wapu Sonk highlighted the need for more energy to source power for electricity.
He said the summit was one that would bring people with expertise to engage and help the government achieve its vision 2030 and 2050 goals.
Mr Sonk said that the main driver for this summit is to look at how far the country has come as an industry since the oil and PNG LNG productions in 2014 and with few more developments that were planned.
Taking advantage of that, he added that they are now looking at how best they can help the government in achieving its vision 2030 and 2050 by moving into the energy sector so that the people of this country can have access to cheap and reliable power services (electricity).
“The main purpose of this summit is to bring people and their expertise as well as finances to PNG. Therefore through this summit we can be able to exchange knowledge and making connections that will make the government’s visions for its people to have access to electricity a reality.
“Our people need energy so we are trying to get to that platform, we are trying to find energy solution providers and with this summit we are hoping that they will come and provide us with that, whether it is geothermal, solar solutions, or hydro solutions.
“Those are the type of energy solutions that we are looking to bring, using our projects that is happening in the oil and gas,” he said.
Mr Sonk said using the experiences that the industry has from the PNG LNG Project, the third training including the Papua LNG projects were trying to build platforms that would enable the government to work with them to set project policies.
A total of 450 delegates are confirmed to attend the summit starting today and will end on Thursday. The delegates comprise mainly of existing LNG buyers and some prospective buyers and have also attracted a lot of big names in the industry, according to Mr Sonk.