Papua New Guinea’s Parliament has unanimously passed four bills supporting Papua LNG, strengthening the project’s fiscal pathway and sending a positive signal to international investors considering one of the country’s largest prospective developments.

Four bills advance Papua LNG

The amendments covered the Income Tax Act, Resource Contracts Fiscal Stabilization Act, Oil and Gas Act and Stamp Duties Act. Prime Minister James Marape described their passage as a major milestone towards an estimated US$14.5 billion in foreign direct investment through Papua LNG.

Price-linked fiscal mechanism

The package includes a price-linked mechanism intended to balance investment support with the State’s long-term interest. The Government says it uses a neutral benchmark of US$81 per barrel, providing support when prices are low and an additional premium to the State when prices strengthen. The incentive and premium are separately capped at US$1.95 billion.

Royalty protections, domestic gas and participation

The Government has also highlighted changes in royalty calculations, domestic-gas pricing, discounted gas for community power generation at Caution Bay and an option for an additional 2.5 per cent participating interest. It says landowner and provincial- and local-level government royalty and development-levy entitlements remain protected.

What the vote means for investors

For investors, unanimous parliamentary support provides greater confidence in the negotiated framework and clearer visibility of the path ahead. Papua LNG remains subject to FID, financing, landowner processes and detailed commercial and operational decisions, but an important legislative stage has now been completed.

PNGCORE leaders welcome the milestone

“Parliament’s unanimous support sends a strong message that PNG is ready to advance a project of national and regional significance. The opportunity now is to convert that momentum into investment, employment, capable local businesses and benefits that endure,” PNG CORE President Anthony Smaré said.

“Greater clarity allows serious investors and suppliers to plan with more confidence. PNG Investment Week gives international companies direct access to the people shaping the framework, the project and the partnerships required to deliver it,” PNG CORE Executive Director Richard Kassman said.

Opportunities for business and local industry

An investment of this scale could generate substantial demand for construction, finance, logistics, technology, workforce development and supporting infrastructure, particularly in Gulf and Central provinces. It also creates opportunities for international businesses to work with PNG companies and build capability that remains in the country beyond construction.

PNG Investment Week connects capital and projects

PNG Investment Week 2026 arrives as the project moves from legislative progress towards commercial decisions. In Sydney, delegates can meet government, regulators, project leaders, financiers and local businesses while examining Papua LNG alongside PNG’s broader pipeline across energy, mining, infrastructure and manufacturing.

For companies from Australia, Asia, the Middle East and other markets, the conference offers an efficient entry point into PNG. It provides access to current information, potential partners and the decision-makers needed to assess where a business can contribute.

The timing allows delegates to move from observing the project to preparing for the business possibilities around it.

PNG CORE invites investors, contractors, suppliers and professional advisers to join PNG Investment Week at the ICC Sydney from 29 November to 2 December 2026. Register now to understand the framework, explore the opportunities and begin building the partnerships that can turn Papua LNG momentum into business.

PNG Investment Week 2026: 50 Years & Beyond

Hosted by the PNG Chamber of Resources & Energy (PNG CORE), PNG Investment Week 2026 is the premier platform connecting international capital with the Pacific’s largest growth cycle. Running from 29 November to 2 December 2026 at the ICC Sydney, this year’s event focuses on “50 Years & Beyond: The Next Wave of Prosperity.” Attendees will meet senior government regulators, connect with global mining and energy giants, and discover multi-billion-dollar opportunities in infrastructure, manufacturing, and tourism.