The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.
Papua New Guinea heading into a forex squeeze – World Bank
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12 Feb 2020 by Leave a Comment
A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.
Hack-proofing Papua New Guinea: the new cybersecurity challenge
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5 Feb 2020 by 2 Comments
As Papua New Guinea catches up in its adoption of digital technologies, there is an urgent need to improve cybersecurity. According to Alberto Cimas, Senior Manager in Deloitte’s Risk and Consulting Practice in PNG, the first step is to understand how easy it is to hack a computer system
P’nyang project cost competitive and still likely to go ahead, say analysts
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3 Feb 2020 by Leave a Comment
What is likely to happen with the P’nyang gas project? Resources analysts say that it is cost competitive in world terms, and examine some of the options that the players have.
Papua New Guinea Government calls halt to P’nyang LNG negotiations
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3 Feb 2020 by Leave a Comment
Papua New Guinea’s Prime Minister James Marape has announced the end of negotiations with ExxonMobil over the P’nyang gas agreement. The project’s developers have responded to his claims that there was ‘an unwillingness to agree to reasonable terms’.
LNG, oil and coffee prices all fall sharply: a monthly review of Papua New Guinea’s commodity and financial markets
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29 Jan 2020 by Leave a Comment
LNG and coffee prices have come off dramatically while oil is weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
The global ‘megatrends’ that will influence Papua New Guinea’s future
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24 Jan 2020 by Leave a Comment
The accelerated rate of change with technology is constantly throwing up new challenges and opportunities for business. Paul Burman, Megatrends Ambassador for Hewlett Packard, looks at some major technology trends that might impact Papua New Guinea in the future.
Papua New Guinea government sets ‘walk away’ date for P’nyang negotiations
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22 Jan 2020 by Leave a Comment
ExxonMobil and the government-appointed State Negotiating Team have until the end of January to negotiate an agreement for the P’nyang gas project, says Minister for Petroleum.
Eyes in the sky: drones could cut costs of farming in Papua New Guinea
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21 Jan 2020 by Leave a Comment
New Britain Palm Oil is making strides in the area of ‘precision agriculture’ in Papua New Guinea. Its experience provides pointers for other agribusinesses looking to gain a better control of their costs.
Transparency report shines light on Papua New Guinea’s extractive sector
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20 Jan 2020 by Leave a Comment
Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.
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