The coming year looks promising for Papua New Guinea business, with the giant PNG LNG project due to commence gas exports, and further investments looking likely. Meanwhile, eyes are on the O’Neill Government to see how it can improve the operating environment for business. Business Advantage PNG looks ahead to consider what 2014 may bring.
PNG Power price increase postponed, InterOil timeline to be set and Rabaul needs visas on arrival. Your quick digest of the week’s business news.
The Pacific demands tuna catch limits, a corruption report injunction lifted, and a call for a national debate on foreign investment laws. Your quick digest of the week’s business news.
Future of government shareholding in Oil Search revealed next month, former planning minister guilty of corruption, BHP sees long-term future in gas and other local and regional stories.
Morobe Mining and PNG Power Chief Executive appointments confirmed this week.
State utility PNG Power has been authorised to start negotiations with Hong Kong-based liquefied gas and power company, Energy World Corporation, to build a new 30MW-to-80MW diesel and gas-fuelled power plant in Port Moresby.
Power outages may become a distant memory, with Papua New Guinea’s power generation capacity set to double in coming years, largely due to increased investment from the private sector.
John Tangit has been appointed Acting CEO of PNG Power, following the resignation of Tony Koiri.
Tony Koiri has stepped down from the role of Chief Executive Officer of state-owned utility PNG Power Ltd after six years at the helm. He will stay on as a special advisor for the next six months to smooth the transition to new company leadership.
PNG’s first privately-built hydro electricity power station has opened in Bulolo, Morobe Province.