Prime Minister Hon. James Marape says Papua New Guinea enters PNG Investment Week 2025 in Sydney, Australia, with unprecedented momentum, as the country prepares to showcase more than K200 billion (US$55 billion) in prospective and active Resource Sector investments.
Speaking before departing for Australia today, the Prime Minister said PNG is now firmly positioned for a new era of responsible, transparent and profitable Resource development. “Our Investors know that my Government remains committed to Projects that deliver strong returns for Papua New Guinea, while ensuring our Partners make sustainable gains on their investment,” PM Marape stated.
The Prime Minister emphasised that every major Petroleum and Mining Project under negotiation has been approached with discipline and clarity. “I have made no apology for taking the time needed to secure better terms for our country,” he said. “Once an Agreement is signed, it binds us for decades. I must be 100% certain we are winning as a nation.”
Progress on Wafi–Golpu, Papua LNG, P’nyang and Pasca A
Prime Minister Marape highlighted that negotiations on Wafi–Golpu are nearing completion, noting that both State Agencies and Investors have harmonised positions. “Wafi-Golpu will be progressed. We are almost there,” he said.
On P’nyang, the Prime Minister confirmed that PNG has already secured 63% total gain for the State, including an additional 10% equity for Western Province landowners within the Papua LNG framework. “P’nyang is now sequenced to follow the construction of Papua LNG. This is a win for our people,” he said.
The Prime Minister further underlined the scale of the overall investment pipeline: “The four Ps, one W and one F—Papua LNG, P’nyang, Pasca, Porgera, Wafi-Golpu, Wildebeest and Frieda River—together represent around US$55 billion. This is the largest combined Investment horizon in our nation’s history.”
These announcements align with key sessions of the PNG Resources & Energy Summit during Investment Week, where updates on PNG’s Petroleum and Mineral Projects—Pasca A, Papua LNG, Frieda River, Ramu NiCo, Porgera and others—will be presented.
A Clear Message for Investors
Prime Minister Marape said the Government will use Investment Week to reassure Investors that PNG’s regulatory environment remains stable and predictable. “Our Tax Law has not changed, our Royalty Law has not changed, and our Equity Law has not changed,” he noted. “We are simply ensuring the mechanics of Agreements are structured fairly and transparently.”
He added that PNG’s Investment climate will be further articulated at the PNG Regulators Forum on 8
December—covering Visas, Customs, the Internal Revenue Commission, Mineral Resources Authority, Conservation and Environment Protection Authority and more.
Resource Revenue Now Delivering Real Returns
The Prime Minister also pointed to the rising contribution of the Sector to PNG’s Fiscal position. “In 2018, Mining and Petroleum Taxes were around K800 million. By 2024 this rose to almost K4 billion. This shows that fighting for better terms for PNG pays off,” Marape said.
He noted that Porgera alone has already returned over K700 million to the State in 2025 and more is expected by year-end.
Showcasing a Strong, Stable PNG at 50 Years
PM Marape said PNG would use the 2025 Sydney event—timed in the year of PNG’s 50th Independence Anniversary—to demonstrate a maturing, confident, Investment-ready nation.
“We will show that PNG is advancing economically, improving governance, and opening new opportunities across minerals, petroleum, infrastructure, climate investment and digital transformation,” he said.
With keynote presentations scheduled alongside Australian Prime Minister Hon. Anthony Albanese at the Investment Leaders Summit on 9 December, the Prime Minister said the event reflects “the strength of our bilateral partnership and our shared economic aspirations for the future.”
This will be the first time the Australian Prime Minister Hon. Anthony Albanese will join his counterpart PNG Prime Minister Hon. James Marape at the annual PNG Investment Week event in Sydney, Australia.