The signing of the Papua LNG project deferred, PNG LNG signs Singapore deal, and Minister flags new Mining Act. Your weekly digest of the latest business news.
In Brief: signing of the Papua LNG project agreement deferred and other business stories
Welcome,
8 Apr 2019 by Leave a Comment
Boardroom briefing: Papua LNG tech, investment law reform, new airport lounges and cybercrime
Welcome,
26 Mar 2019 by Leave a Comment
Papua LNG may be at the forefront of artificial intelligence use in Papua New Guinea, China’s proposed new foreign investment laws mirror PNG’s, premium pay-per-entry airport lounges, and cybercrime. Readings from around the world on business, leadership and management.
Production from Papua LNG in Papua New Guinea could start in 2024, says Total Managing Director
Welcome,
4 Dec 2018 by Leave a Comment
French super major Total will look to have a final gas agreement with the Papua New Guinea government for the Papua LNG project by March 2019. If the project gets the final go-ahead, production should start in 2024, according to Jean-Marc Noiray, Managing Director of Total E&P PNG.
Prime Minister O’Neill tells APEC CEO Summit maintaining international trade rules critical
Welcome,
20 Nov 2018 by Leave a Comment
The Prime Minister Peter O’Neill gave an upbeat take on the Papua New Guinea economy when opening the APEC CEO Summit. He pointed to the need for consistent trade rules, strong engagement with civil society and the community, and a focus on the opportunities offered by the digital economy.
In brief: Kina expected to weaken, and other business news
Welcome,
23 Oct 2018 by Leave a Comment
Kina expected to weaken, Total aims for transparency, and Air Niugini defers planned flights to Shanghai. A weekly digest of the latest business news.
In brief: Air Niugini launches new direct routes, and other business news
Welcome,
11 Sep 2018 by Leave a Comment
Air Niugini launches new direct route, Total wins contract for Lihir Gold Mine, and a new state-owned-enterprise is formed. 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.
PM insists Papua New Guinea economy strong despite critics
Welcome,
1 May 2018 by Leave a Comment
The Prime Minister Peter O’Neill has criticised external commentators for ‘bias’ when assessing the PNG economy. Speaking at the 34th Australia Papua New Guinea Business Forum in Brisbane, he expressed optimism about the proposed Papua LNG project but said the economy has to be diversified to avoid boom and bust cycles.
In brief: Gas from PNG LNG plant to feed the Port Moresby grid in early 2019, and other business stories
Welcome,
4 Apr 2018 by Leave a Comment
New Port Moresby power plant to be online during early 2019, US equity firm bids A$13.5 billion for Santos, and PNG Post keen to diversify. Your weekly digest of the latest business news.
Government incentives for second Papua New Guinea gas project should be fewer than for PNG LNG, say analysts
Welcome,
6 Mar 2018 by 2 Comments
The operators of the Papua project are expected to make a financial investment decision on the project in 2019. But now that Papua New Guinea has ‘proven itself’ as a good manager of major global projects, it should be able to negotiate less generous terms with the operators of the second LNG plant, say economists and investment analysts.
USD 0.2518
AUD 0.3884
GBP 0.199
EUR 0.2389
NZD 0.4276
JPY 38.13
SGD 0.3382
Recent readers’ comments