Value Creation

National Content is at the core of Papua LNG’s value creation approach. It reflects the project’s commitment to ensuring that Papua New Guineans benefit directly from its development through employment, business opportunities and community investment.

This strategy is built around three complementary pillars:

1. Workforce development: promoting local recruitment, training and skills transfer
2. Supplier development: strengthening the capacity and participation of Papua New Guinean businesses
3. Socioeconomic development: supporting social infrastructure and development programs aligned with local priorities

Together, these pillars aim to enable Papua New Guineans to actively participate in the project while building capabilities that will endure beyond its lifecycle.

Papua LNG’s National Content activities are guided by its National Content Plan, formally submitted to the national government on September 6, 2023. Developed in close collaboration with government stakeholders, the Plan sets the framework for delivering shared National Content objectives. In 2024 and 2025, the Project made significant progress across its three priority areas, an important milestone as it advances toward Final Investment Decision.

The Project’s approach is aligned with Papua New Guinea’s long-term development strategy and is designed to support, rather than lead, the country’s pathway to sustainable economic growth. Papua LNG contributes as a catalyst for targeted economic development, helping to strengthen local capabilities and enabling opportunities that can expand over time through further investment and market growth.

This vision is consistent with the commitments set out in the Papua LNG Gas Agreement, which requires the development and implementation of a National Content Plan and prioritizes the training and employment of Papua New Guinean citizens. Preference is given to qualified local workers from communities in the vicinity of Project operations, in line with applicable standards and remuneration practices.

Papua LNG’s value creation extends across multiple dimensions. Economically, the project contributes to job creation, local business development and public revenues. Socially, it supports community development programs in areas such as education, health and infrastructure. Environmentally, it integrates measures to reduce impacts and protect biodiversity, contributing to responsible and sustainable project delivery.

By combining these dimensions, Papua LNG seeks to create balanced and long-lasting value for the country and its communities.

Economic Benefits

The PAPUA LNG Project aims to drive some of the most significant and widespread economic development in the coming years, and progress towards this ambition is already underway.

Key benefits to Papua New Guinea include:

• Boosting government revenues and export earnings via tax revenues and Kumul Petroleum dividends,
• Generating royalty payments to landowners,
• Providing revenues to provinces containing Project licenses through a development levy,
• Creating employment opportunities during both construction and production,
• Supporting capacity building of government agencies involved in the petroleum sector,
• Supporting capacity building and skills development of domestic SMEs and workforce.

As the national government applies the earnings from its share of Project revenues to national social and economic programs, the whole country will benefit over the Project’s lifespan.

To better understand and measure its contribution, Papua LNG conducts economic impact assessments that evaluate the project’s effects on employment, economic activity and local development.

These assessments help identify opportunities to maximize positive outcomes, guide decision-making and ensure that value creation remains aligned with national development objectives.

They also provide a basis for transparent reporting and continuous improvement, reinforcing the project’s commitment to responsible and inclusive economic development.