Parliament passed six key pieces of legislation that allow the Papua LNG project to move forward, Australia’s Prime Minister cancels his trip to Papua New Guinea and cocoa farmers in East Sepik Province ready to benefit from new project. The business news you need to kickstart your week.
In brief: Papua New Guinea paves the way for Papua LNG, and other business stories
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16 Nov 2020 by 1 Comment
Fair share? Papua New Guinea’s move to production sharing in resource projects questioned
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14 Sep 2020 by Leave a Comment
The Papua New Guinea government’s proposal to move to production sharing agreements in resource projects may not solve the government’s financial problems and there is a risk it will harm the country’s reputation for being a good place to invest, according to the industry itself.
Split decision: Papua New Guinea government will not consider Papua PNG and P’nyang together
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9 Sep 2020 by 11 Comments
Papua New Guinea’s Prime Minister, James Marape, has insisted that the country’s proposed LNG projects, Papua LNG and P’nyang, will be dealt with as separate projects.
Fair split: finding an oil and gas model that works in Papua New Guinea
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1 Jul 2020 by Leave a Comment
Papua New Guinea is making changes to its approach to oil and gas projects, suggesting the country gets a worse share of revenues than other comparable nations. John Chambers, General Manager of Santos, considers some of the options used internationally.
Blast from the past: Papua New Guinea’s economy in 2020
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6 Mar 2020 by Leave a Comment
The year 2020 looks like being a watershed year for Papua New Guinea, with a number of transformative projects awaiting the green light and a new government seeking to implement an ambitious agenda.
P’nyang project cost competitive and still likely to go ahead, say analysts
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3 Feb 2020 by Leave a Comment
What is likely to happen with the P’nyang gas project? Resources analysts say that it is cost competitive in world terms, and examine some of the options that the players have.
Prime Minister Marape confident of a ‘five train’ LNG future in Papua New Guinea
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31 Jan 2020 by Leave a Comment
As talks between ExxonMobil and Papua New Guinea’s State Negotiating Team over the P’nyang gas project reach their nominated ‘walk away’ deadline today, the Prime Minister, James Marape, has said he is confident that LNG will help underpin economic growth in the country for the next decade.
The LNG window is closing, warns Oil Search CEO
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11 Dec 2019 by 2 Comments
As Papua New Guinea awaits the outcome of ongoing negotiations over the P’nyang gas field, Peter Botten, CEO of PNG’s largest company, Oil Search, has hinted that time may be running out to reach an agreement.
2019: the year in review for Papua New Guinea business
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11 Dec 2019 by Leave a Comment
A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.
New rules, more independence: Kumul Petroleum’s future
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27 Nov 2019 by 1 Comment
Papua New Guinea is set to introduce new rules for petroleum licenses, according to Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk. In this exclusive interview, he tells Business Advantage PNG the state-owned oil and gas company is about to undergo a transformational change.
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