Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A weekly digest of the latest business news.
‘Encouraging’ gas find likely to boost Papua New Guinea LNG expansion as China locks in long-term contract
Welcome,
5 Sep 2018 by 1 Comment
Analysis of test results from a potentially new LNG find at the Barikewa-3 well in the Papua New Guinea Forelands is underway but it’s too early to say how that gas will be commercialised, according to well operator, Oil Search. Meanwhile, the signing of a long-term contract for gas from PNG with China confirms demand for gas from China will continue well into the 2020s.
In brief: Foreign exchange inflows improving, and other business news
Welcome,
28 Aug 2018 by Leave a Comment
Foreign exchange inflows improving, Moni Plus opens in Lae, and changes to boards of government-owned businesses. Your weekly digest of the latest business news.
Papua New Guinea LNG production predicted to double within 10 years, reports Fitch Research
Welcome,
14 Aug 2018 by Leave a Comment
Papua New Guinea’s LNG exports will more than double over the next 10 years, as a result of the planned expansion works, according to Fitch Solutions’ Senior Country Risk Analyst, Raphael Mok. But, he tells Business Advantage PNG, the government must address landowners’ backlash against royalty payments.
In Brief: Oil Search makes gas discovery and other business news
Welcome,
12 Jun 2018 by 1 Comment
A new gas discovery by Oil Search, special economic zone proposed for West Sepik province and new climate deal inked. Your weekly digest of the latest business news.
Kumul Petroleum MD believes ‘step change’ needed to achieve electrification targets in Papua New Guiea
Welcome,
22 May 2018 by 1 Comment
The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
In brief: Oil Search says there is ‘distribution’ problem with payouts, and other business news
Welcome,
15 May 2018 by Leave a Comment
Oil Search acknowledges problems with payouts, Frabelle denies shut down and the ICCC starts legal proceedings against Steamships. Your weekly digest of the latest business news.
In brief: Papua New Guinea on the cusp of a ‘super cycle’ in mining investment, says the ANZ, and other business stories
Welcome,
24 Apr 2018 by Leave a Comment
Papua New Guinea economy on the cusp of a mining boom, kina’s fair value ‘around US 23-25 cents’, and niche tourism could nearly triple tourism numbers in 10 years. Your weekly digest of the latest business news.
Papua New Guinea Earthquake Update: relief efforts continue as Restoration Authority established
Welcome,
28 Mar 2018 by Leave a Comment
The Papua New Guinea government has set up a new authority to oversee the restoration of services and infrastructure, following the February 26 earthquake. As humanitarian relief work continues, analysts expect GDP to fall slightly.
People moves: Lae Chamber of Commerce, Oil Search, Nautilus Minerals, Insurance Commission
Welcome,
27 Mar 2018 by Leave a Comment
New Executive voted in at Lae Chamber of Commerce, a new Director at Nautilus Minerals
USD 0.2594
AUD 0.383
GBP 0.1999
EUR 0.2381
NZD 0.4255
JPY 40.98
SGD 0.3482
Recent readers’ comments