The operator of the second Papua New Guinea LNG project says overcoming technical and environmental issues will determine if Total joins the existing PNG LNG trains. Managing Director, Philippe Blanchard, says a decision will be made within the next 5-6 months.
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Total close to decision on cooperation with PNG LNG plant, says MD Blanchard
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11 Apr 2017 by 1 Comment
Trade strong but foreign exchange and budgetary pressures likely to continue, says Bank of Papua New Guinea
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5 Apr 2017 by Leave a Comment
Papua New Guinea’s economy performed strongly on the trade front in 2016, according to the Bank of Papua New Guinea’s biannual Monetary Policy Statement. However, this did not translate into inflows of foreign exchange, and government revenues are expected to remain under pressure.
Cocoa surges but oil and gas prices remain weak: a monthly review of Papua New Guinea commodity and financial markets
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29 Mar 2017 by Leave a Comment
The big mover this month was the cocoa price which was up 6.6 per cent for the month according to Kina Securities. Otherwise commodity prices moved sideways or weakened. Business Advantage PNG’s monthly overview of commodity and financial markets.
Unrest poses threat to investment in Papua New Guinea says report
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22 Mar 2017 by Leave a Comment
An increase in the number of protests, blockades, and inter-clan rivalry in Papua New Guinea poses ‘downside risks’ to Papua New Guinea’s economic growth recovery, according to a report by BMI Research, a subsidiary of the Fitch Ratings Agency. It warns it could lead to delays or cancellations of investment projects.
Why hosting APEC will transform Papua New Guinea
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8 Mar 2017 by 34 Comments
The APEC meeting in 2018 in Port Moresby will be a major boost for the country, David Toua, the President of the Business Council of PNG (BCPNG), tells Business Advantage PNG. Analysts say in the past benefits have been shown to outweigh the costs.
Papua New Guinea has enough gas for five trains, says Kumul Petroleum MD
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1 Mar 2017 by 1 Comment
Papua New Guinea’s state petroleum company, Kumul Petroleum, sees its role in developing oil and gas projects in partnership with developers, according to Managing Director, Wapu Sonk. He tells Business Advantage PNG there is enough gas in the country for no less than five LNG trains.
Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets
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21 Feb 2017 by 1 Comment
The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
Oil and metals in holding pattern: a monthly review of Papua New Guinea’s commodities and financial markets
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24 Jan 2017 by Leave a Comment
Commodities markets appear to have entered a holding pattern, with stability evident in the oil market and metals. Business Advantage PNG’s monthly overview of Papua New Guinea’s commodity and financial markets.
What’s on the agenda for Papua New Guinea business in 2017?
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18 Jan 2017 by 2 Comments
As Papua New Guinea business gets back to work, Business Advantage PNG looks at some of the issues coming up in 2017. It looks likely to be a year of preparing for better times.
Why many Papua New Guinea companies become conglomerates
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16 Jan 2017 by Leave a Comment
Conglomerates have become rare in developed economies; the strategy of diversifying across different industry sectors tends to be punished by investors who prefer specialized players. But in Papua New Guinea industry diversification is commonly used as a way to grow.
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