Papua LNG project to inject billions to Papua New Guinea’s economy, Prime Minister Marape welcomes Fortescue Future Industries representative to Port Moresby and the Pacific Marine Industrial Zone Project (PMIZ) will be rebranded.
In brief: Papua New Guinea to receive K86 billion from Papua LNG and other business stories
Welcome,
30 Aug 2022 by Leave a Comment
TotalEnergies’ Papua LNG project finally moves into FEED in Papua New Guinea
Welcome,
28 Jul 2022 by Leave a Comment
The progress of Papua New Guinea’s next major gas project, Papua LNG, appears on schedule as operator TotalEnergies announces the project is entering its front end engineering and design (FEED) stage. The company is promoting the project’s low carbon credentials.
In brief: Barrick’s boss visits Papua New Guinea to talk about Porgera and other business stories
Welcome,
28 Jul 2022 by Leave a Comment
Barrick says ‘all we need is for a shareholders agreement’ to restart Porgera, Air Niugini outperforms Australian airlines, and Harmony Gold indicates Wafi-Golpu’s negotiations continue to progress. The business news you need.
Economic update: cautious optimism in Papua New Guinea as major projects take shape
Welcome,
19 Apr 2022 by Leave a Comment
With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.
Papua New Guinea’s LNG roadmap clearer following signature of P’nyang gas agreement
Welcome,
23 Feb 2022 by Leave a Comment
With a gas agreement finally executed for the US$10 billion ExxonMobil-led P’nyang gas project, and a start date provided for front end engineering and design for TotalEnergies’ Papua LNG project, Papua New Guinea’s energy sector now has a clear roadmap for the rest of the decade.
In brief: Papua LNG scheduled to commence in 2027 and other business stories
Welcome,
20 Oct 2021 by 1 Comment
Total E&P’s MD outlines Papua LNG schedule, the Internal Revenue Commission signs Memorandum of Agreement with the SME Corporation and Air Niugini to resume services to Sydney. The business news you need today.
New negotiations, new laws: Kumul Petroleum’s MD says oil and gas sector is looking ‘much stronger’
Welcome,
19 Sep 2021 by Leave a Comment
Wapu Sonk, Managing Director of Kumul Petroleum, says that Papua New Guinea’s oil and gas sector is looking ‘much stronger’ with the Papua LNG project set to have its final investment decision in 2023. But, he told the 2021 Business Advantage PNG Investment Conference, that proposed changes to the country’s oil and gas law have been delayed.
ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations
Welcome,
25 Aug 2021 by 2 Comments
After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P’nyang gas project.
Santos and Oil Search agree terms for merger: what’s next?
Welcome,
2 Aug 2021 by 3 Comments
The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
Forum hears of challenging business conditions in Papua New Guinea
Welcome,
26 May 2021 by Leave a Comment
The Australia–Papua New Guinea Business Council is holding its 36th business forum and trade expo this week in Brisbane. Business Advantage PNG reports from the event, which is both a physical and online event this year.
USD 0.2475
AUD 0.3829
GBP 0.1953
EUR 0.2348
NZD 0.4224
JPY 38.74
SGD 0.3326
Recent readers’ comments