The Prime Minister, Hon. Peter O’Neill CMG MP, will lead a Government and business delegation to Russia later in the year on an Official Visit at the invitation of Russian Government.
The invitation was made by Russia’s Prime Minister, H.E. Dmitry Medvedev, in bilateral discussions during the APEC Leaders’ Summit in Port Moresby last November.
Speaking with Russia’s President, H.E. Vladimir Putin, at the Belt and Road Forum in Beijing last week, PM O’Neill confirmed the visit will take place with a focus on opportunities in the global LNG sector.
“I had a good discussion with President Putin last week, and he asked if our delegation will be visiting this year and I confirmed this will take place,” the Prime Minister said.
“While there had not been much exchange with Russia in the past, this has been growing in recent years, particularly since Papua New Guinea’s emergence in the LNG sector.
“There are industry synergies and investment opportunities that can be discussed, and Russia has extensive technical experience in gas production.
“There are also opportunities for Papua New Guinea businesses.
“As we expand our agricultural exports there are opportunities to explore opportunities in Eastern Russia, and we are also seeing an increase in Russian tourists coming to Papua New Guinea.
“Our country must continue to expand our horizons for trade and investment that leads to further job creation, and we look forward to expanding our engagement with Russia.
“Foreign Minister Pato is leading discussions with the Russian Government on arrangements for the Official Visit towards the end of the year.”