Oil and gas prices both fell this month, with LNG dropping particularly sharply, while gold and cocoa are holding their own in a tough market for commodities.
Search Results for: Papua LNG
In brief: World Bank releases new economic outlook for Papua New Guinea and other business stories
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8 Feb 2020 by Leave a Comment
The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week. Resources Patrick Pouyanne, CEO of the French oil and gas company Total, has said that ExxonMobil and PNG need […]
In brief: Papua New Guinea ends talks with Exxon on P’nyang agreement, and other business stories
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3 Feb 2020 by Leave a Comment
Papua New Guinea says no to P’nyang gas project, Prime Minister James Marape confident in ‘five-train LNG’ and new date for plastic bag ban. The business news you need to kick-start your week.
Papua New Guinea’s veteran retailer seeks to grow its local suppliers
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29 Jan 2020 by Leave a Comment
Brian Bell Group is reaping the rewards of three years of infrastructure investment and using this period of profitability to grow its local partnerships.
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.
Papua New Guinea experiencing temporary loss of momentum, say reports
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15 Jan 2020 by Leave a Comment
With experts forecasting slow economic growth in 2020, Papua New Guinea’s economy may be facing a temporary loss of momentum. David James examines two new economic reports and what they may mean for business.
Papua New Guinea’s economy needs progress on resources projects [opinion]
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14 Jan 2020 by 1 Comment
Waiting for the announcement of Papua New Guinea’s next resource project is taking a toll on the economy. The President of the Port Moresby Chamber of Commerce and Industry, Rio Fiocco, shares with Business Advantange PNG what this means for businesses of every size.
How Papua New Guinea’s central bank plans to sell government debt
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13 Jan 2020 by Leave a Comment
The Bank of Papua New Guinea is looking to sell government debt to international and local investors. Its Governor, Loi Bakani, outlines the challenges to Business Advantage PNG and their connection to PNG’s ongoing foreign exchange shortages.
The LNG window is closing, warns Oil Search CEO
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11 Dec 2019 by 2 Comments
As Papua New Guinea awaits the outcome of ongoing negotiations over the P’nyang gas field, Peter Botten, CEO of PNG’s largest company, Oil Search, has hinted that time may be running out to reach an agreement.
2019: the year in review for Papua New Guinea business
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11 Dec 2019 by Leave a Comment
A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.
USD 0.2556
AUD 0.3746
GBP 0.1919
EUR 0.2288
NZD 0.4088
JPY 36.32
SGD 0.3295
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