“Any major government policy reforms in the mineral resources and energy space in Papua New Guinea, will be done in consultation with industry.” Words of assurance by Minister for Petroleum & Energy, Kerenga Kua who presented at the recent 2023 PNG Resources & Industry Investment Conference. Minister Kua boldly stated to those present that the Marape-Rosso government remained committed to maintaining a clear channel of discussions with industry, especially on major policy changes including exempting the mining industry from the proposed production sharing regime. Kua stated that the Government continues to listen to stakeholders. Through this they have been able to change the form and content of the PPS regime a number of times. “This present version will exclude minerals, we just stick to petroleum,” the Minister said in relation to the proposed Production Sharing Agreement arrangement. Minister Kua stated he believes more research is needed to be done on the financial and economic feasibility of adopting a Production Sharing Agreement option. He added that the legal aspects of the proposed PSA changes were well within their framework, however, there needed to be more research done to incorporate financial and economic aspects, to ascertain the impact this would have on industry and returns on investment by government. “The conclusion of the legal drafting is, therefore, pending until the outcomes of the financial and economic studies are completed.” Minister Kua’s announcement was welcomed by industry, with many applauding governments for maintaining contact with stakeholders through the consultation process.