News

Papua New Guinea faces higher fuel prices as shortages continue

Fuel buyers in Papua New Guinea have been warned to expect higher prices as the government negotiates with global suppliers to end shortages in the local market related to the winding back of Puma Energy's operations in the country. Meanwhile, short-term solutions are being put in place.
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New Porgera Chairman announces reopening date for gold mine

The Porgera gold mine in Papua New Guinea's Enga Province will officially restart on 22 December, according to the Managing Director of Kumul Minerals Holdings, Sarimu Kanu, who is also Chairman of New Porgera Limited, the new operator of the mine.
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Papua LNG investment decision faces delay as financiers grapple with climate concerns

The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources.
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Major digitisation announcements at Innovation PNG

Last week's 2023 Innovation PNG conference showcased some of Papua New Guinea's best and brightest. It also featured the announcement of some significant new initiatives to stimulate the digitisation of the country's economy.
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