"He was a true advocate of peace and will surely be remembered for his noble actions during his tenure as Israeli prime minister twice and as president," Prime Minister Peter O'Neill said.
"On behalf of the government and people of Papua New Guinea, I express my deepest sympathies to his wife and family.
"This is a great loss to Israel as the late Peres was recognised throughout his country and the world as an icon of peace and an outstanding leader.
"I join hands with other leaders throughout the world to extend Papua New Guinea's sadness over the passing of this outstanding leader."
In 2013, O'Neill paid a courtesy call to Peres in Israel during a high-level official visit.
"One of the comments that I recall from President Peres was to say the most important natural resource in every country is its people, and this is absolutely true. I very much appreciated the warm welcome extended by President Peres that has made a significant contribution to the growing relationship between our two countries."