A profile of the gas and petroleum sector in Papua New Guinea, including information on licensing and taxation, key players and major projects.
In brief: Parliament passes 10 Papua LNG Project Amendment Bills and other business stories
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21 Oct 2019 by Leave a Comment
Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P’nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. Your weekly digest of business news.
US$10 billion Papua LNG project to go ‘full steam ahead’ in Papua New Guinea
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3 Sep 2019 by 3 Comments
Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.
Papua New Guinea’s growth depends on Papua LNG going ahead, says S&P
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2 Sep 2019 by Leave a Comment
In an exclusive interview with Business Advantage PNG, ratings analyst Rebecca Hrvatin, says PNG’s fiscal imbalances will improve—provided the Papua LNG project continues as planned.
In brief: Porgera mine to continue operations and other business stories
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5 Aug 2019 by 1 Comment
Operations at Porgera mine will continue while the application for the Special Mining Lease is revised, concerns about the delay in the approval of the Ramu 2 project, and Wafi-Golpu still before court. Your weekly digest of business news.
Papua New Guinea government to ‘stand behind’ Papua LNG gas agreement
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5 Aug 2019 by Leave a Comment
Papua New Guinea’s Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG’s cabinet) has ‘in principle’ agreed to ‘stand behind’ the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.
Review of Papua LNG project will solve ‘misunderstandings,’ says Prime Minister
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24 Jun 2019 by Leave a Comment
Prime Minister James Marape told the 2nd Speaker’s Investment Summit in Port Moresby last week that the government would move quickly address ‘misunderstandings’ about the US$10 billion Papua LNG project.
Odds strongly in favour of positive investment sign off for Papua LNG project
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10 May 2019 by Leave a Comment
The Total-led Papua LNG project looks set to enter its Front End Engineering Design (FEED) phase. It’s a good sign: according to the ANZ’s PNG Economic Outlook, 97 per cent of the gas projects that enter into FEED have a positive final investment decision. David James explores.
Kumul Petroleum’s ambitious plans to boost electrification in Papua New Guinea
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29 Apr 2019 by Leave a Comment
Papua New Guinea’s national oil and gas company plan to increase household electrification and encourage growth in remote locations. Its Managing Director, Wapu Sonk, has revealed the company plans to diversify and focus on more downstream activities in order to maintain revenues.
Conditions tough in Papua New Guinea’s construction industry but hopes are rising
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15 May 2019 by Leave a Comment
Papua New Guinea’s construction industry continues to face challenges, says Frank McQuoid, Chairman of manufacturer Steel Industries. But others say it is on the edge of a boom that will extend beyond the resource sector. David James examines both sides of the story.
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