The Business Advantage PNG editorial team was among the delegates at the 2024 Papua New Guinea Investment Week (formerly the Papua New Guinea Resources & Energy Investment Conference) in Sydney, held from December 8-11. Here are our top five takeaways from the event.
People moves: ExxonMobil PNG, Kina Bank
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New President and Managing Director for ExxonMobil PNG, Kina Bank appoints new MD and CEO.
TotalEnergies country head ‘very confident’ of Papua LNG final investment decision date
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Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID.
Islands Petroleum stepping up to help meet Papua New Guinea’s fuel supply needs
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Papua New Guinea has faced ongoing fuel supply challenges since August 2023, as a result of issues related to its largest fuel importer, Puma Energy. Islands Petroleum is one of a number of fuel companies that have ramped up capacity to help meet demand. Chief Executive Nathan Bluett says the company is now looking to grow further.
Editorial: Patience and persistence yields results in major resources projects
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Looking back over the history of resources development in Papua New Guinea, the need for patience and persistence is clear.
Twinza Chair: Pasca A deal sets up ‘strategic alliance’ with MRDC
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Last month, Twinza and Mineral Resources Development Corporation signed agreements which will see MRDC acquire a major stake in Pasca A, Papua New Guinea’s first offshore gas project. Twinza Executive Chairman Stephen Quantrill tells Business Advantage PNG the deal also paves the way for further cooperation.
ExxonMobil PNG’s Tera Shandro on the next decade of LNG in Papua New Guinea
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A decade on from the opening of PNG LNG, Papua New Guinea’s first gas project, ExxonMobil PNG’s Chairperson and Managing Director Tera Shandro reflects on the progress so far and the potential of forthcoming projects such as the K5 billion Angore project and the Wildebeest prospect.
Economic update: Papua New Guinea’s decade of growth begins
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As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.
Papua New Guinea faces higher fuel prices as shortages continue
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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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