Summit a platform for discussion, Sonk says

PAPUA New Guinea is keen on exchanging ideas with other global players in the petroleum and energy sector this week, Kumul Petroleum Holdings Ltd’s (KPHL) managing director Wapu Sonk, pictured, says.
He said the inaugural summit on the industry which begins today would be the platform for discussions into future developments of projects.
Sonk said the country needed to market the energy sector following a transition from oil and gas.
“The main object of the summit is to look at where we have come as an industry in PNG from an oil producing nation, that we were to LNG production in 2014,” Sonk said.
“Summit is about having a platform with our transition from oil and gas and LNG exporting.
“It aims to bring people, expertise, companies, technology, and financiers to a venue like this so there is exchange of ideas, technologies. People meet and connect.
Petroleum and Energy Minister Nixon Duban said the Government had yet to come up with a policy to address the country’s energy issues.
“Also for the petroleum, we’ve got an agreement that we want  the NEC to approve, the state negotiating team is working on that agreement,” he said.
“This is going to be the standard project agreement applied for any project in the country.
“We are also looking at developing national content plan which will be utilise for future projects, domestic market obligations which are critical for downstream processing.”
Duban said the inaugural PNG Petroleum and Energy Summit would serve as the benchmark for policy review.