Commercial real estate activity in Port Moresby and Lae remains strong despite a fall in demand for executive rentals associated with the winding down of the six-year construction phase of the ExxonMobil-led LNG PNG project.
Search Results for: Papua LNG
Real estate demand still strong in Papua New Guinea despite fall in rental costs
Welcome,
29 May 2014 by 1 Comment
8 things we took home from the Australia-Papua New Guinea Business Forum
Welcome,
22 May 2014 by Leave a Comment
Business Advantage PNG attended this week’s two-day Australia – Papua New Guinea Business Forum in Cairns. Here are some of our take-home observations from the annual event, which next year will take place in Lae, Morobe Province.
LNG gives Oil Search Limited a strong cashflow for next 20 years: Botten
Welcome,
21 May 2014 by Leave a Comment
With shipments of gas from the PNG LNG project under way, Business Advantage PNG talks exclusively to Peter Botten, CEO of venture partner Oil Search Limited, about the future of Papua New Guinea’s largest company and hydrocarbons in PNG.
In brief: First LNG shipment on board ship this week and other business stories
Welcome,
15 May 2014 by Leave a Comment
First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.
Nautilus Minerals looks across the Pacific after securing Papua New Guinea undersea mining deal
Welcome,
30 Apr 2014 by 3 Comments
Canadian mining company Nautilus Minerals will accelerate its range of seabed mining projects across the Pacific, after finally signing a US$120 million (K336 million) agreement with the Papua New Guinea government to develop its Solwara 1 mining project in the Bismarck Sea.
In brief: two or three new LNG trains coming and other stories
Welcome,
23 Apr 2014 by Leave a Comment
More LNG trains likely for Papua New Guinea, Chamber of Commerce comes out in support of INA head, and gas-fired power may be coming to Port Moresby. The week’s business news in brief.
Economic update: maintaining momentum in Papua New Guinea
Welcome,
22 Apr 2014 by 1 Comment
Papua New Guinea’s economy finds itself in a hiatus, ahead of what will be a watershed moment its economic history—delivery of its first gas exports. In his annual appraisal of business conditions in the Pacific nation, Andrew Wilkins talks exclusively to some of PNG’s top executives.
Stanley gas project approved in Papua New Guinea
Welcome,
16 Apr 2014 by 4 Comments
The national cabinet has approved the US $300 million (K829 m) development of the Stanley gas-condensate field in Western Province.
In brief: Papua New Guinea budget deficit, massive growth and other stories
Welcome,
9 Apr 2014 by Leave a Comment
A budget deficit for Papua New Guinea but the ADB forecasts massive growth in 2015. Meanwhile, nickel production looks set to rise. The week’s business news in brief.
Opinion: Oil Search loan deal will affect Papua New Guinea’s Sovereign Wealth Fund
Welcome,
26 Mar 2014 by 1 Comment
Papua New Guinea’s proposed Sovereign Wealth Fund was intended to stabilise the kina and secure assets for the future. But, as Paul Barker from the Institute of National Affairs argues, the government’s borrowing plan for Oil Search shares may jeopardise the fund’s effectiveness.
Recent readers’ comments