Japanese keen on PNG

Following the first shipment of the Liquefied Natural Gas (LNG) cargo from the US$19 billion Papua New Guinea LNG project to Japan in May last year more Japanese businessmen are interested in the country as a potential investment destination.

Japanese Ambassador to PNG His Excellency Morio Matsumoto said this at the 33rd graduation ceremony of Divine Word University in Madang on Sunday 15 March, 2015.

Mr Matsumoto said with the landmark shipment of LNG from PNG to Japan “more and more Japanese businessmen are taking interest in this country, and an increasing number of businessmen from Japan visit our embassy in Port Moresby.”

“They all testify how impressed they are by actually coming here and observing the huge potential of this country.”

“I am looking forward to seeing further development of relations in the area of trade and investment,” the Ambassador told a gathering of 764 graduates, dignitaries, the DWU community, relatives of students and members of the public.

He said promotion of investments by Japanese companies will further strengthen business relationship and enhance economic partnership between PNG and Japan.

Mr Matsumoto said Japan contributes to development of PNG not only through official development assistance by also by numerous exchanges of trade missions between the two countries over the years.

He also said human resources is important for the development of PNG and encouraged the DWU graduates to consider applying for various Japanese government scholarships.