High interest rates a hurdle for investors, says Nambawan Super, and other business stories

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Call for government to lower interest rates, inflation rises and Air Niugini reduces fuel surcharge. Your weekly digest of the latest business news.

Papua New Guinea’s PNG LNG project: who gets the money?

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The first shipment of gas from Papua New Guinea’s PNG LNG project has left for Japan this week, highlighting the potential billions of dollars of income for the project’s partners. Business Advantage PNG looks at where that income will go.

In brief: Government considers lift in minimum wage and other business stories

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Cabinet considers a rise in the minimum wage, Australia to involve private sector in aid delivery, and Oil Search expects huge annual cashflow from LNG plant. Your weekly digest of the latest business news.

In brief: First LNG shipment on board ship this week and other business stories

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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.

In brief: Emergency declared in Porgera over illegal mining and other business stories

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A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.

Our reputation is on the line, says ExxonMobil’s Graham

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In the second and final part of his exclusive interview with Business Advantage PNG, ExxonMobil PNG Managing Director Peter Graham considers the flow-on benefits of the PNG LNG project and ExxonMobil’s future in PNG. Plus, what’s going to happen to the project’s 14,700 workers?

In brief: moves to reserve small business for locals, Ok Tedi orders stayed and BSP profits up

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Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.

The finish line for PNG LNG gas project is in sight, says ExxonMobil’s Graham

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As Papua New Guinea’s largest resources project edges closer to completion, Business Advantage PNG speaks exclusively with Peter Graham, the man who has lead the PNG LNG gas project since Day One. In this first of a two-part series, the Managing Director of ExxonMobil PNG provides an update on the project’s progress.

Wood Group PSN wins PNG LNG contract

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The international energy services company, Wood Group PSN, has won a contract with Esso Highlands to provide construction and maintenance to services to the Hides gas plant in Papua New Guinea’s Highlands and the new PNG LNG plant near Port Moresby.

‘Modest’ gas find in Gulf of Papua – Oil Search

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Oil Search has reported that while it has discovered only ‘modest’ quantities of natural gas during a new exploration campaign in the Gulf of Papua, it will continue drilling in the area.