Features
Latest news
Electrification Partnership beginning of new era for PNG Power
Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.
‘Fundamental change’ needed with Papua New Guinea state-owned enterprises
Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.
APEC hailed by organisers as a success for Papua New Guinea despite tensions
Papua New Guinea’s hosting of APEC 2018 was a success, say three senior figures involved in its organisation. Ivan Pomaleu, PNG’s APEC Ambassador, suggests that the country achieved all of its goals in spite of the lack of a consensus within the group of 21 nations.
People moves
People Moves: Bank South Pacific, PNG Air
Notable Papua New Guinea-related appointments and departures. This week: a new head of BSP Digital, CFO departs PNG Air.
Mining & petroleum
Production from Papua LNG in Papua New Guinea could start in 2024, says Total Managing Director
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.
Papua New Guinea’s LNG capacity could double, says ExxonMobil SVP
Neil Chapman, Senior Vice President of ExxonMobil, told the APEC CEO Summit earlier this month that LNG capacity in Papua New Guinea could double. He claimed the global shift to natural gas to reduce carbon emissions is favouring the industry.
LNG prices and oil prices down but cocoa strong: a monthly review of Papua New Guinea’s commodity and financial markets
LNG and oil prices have weakened but the cocoa price has strengthened. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
APEC 2018
Papua New Guinea’s LNG capacity could double, says ExxonMobil SVP
Neil Chapman, Senior Vice President of ExxonMobil, told the APEC CEO Summit earlier this month that LNG capacity in Papua New Guinea could double. He claimed the global shift to natural gas to reduce carbon emissions is favouring the industry.
Opinion: Papua New Guinea could provide a model for the developing world says Oil Search MD Botten
Peter Botten, Managing Director of Oil Search, says including communities in the development agenda is a way that resource developers can engage with governments and other stakeholders. He explains that what his company has done in PNG can be a model for other developing countries.
PM signs Papua New Guinea Electrification Partnership with Australia, US, Japan and US
The Prime Minister Peter O’Neill has signed the Papua New Guinea Electrification Partnership with Australia, Japan, the United States and New Zealand, whose aim is to provide power to 70 per cent of the country’s population by 2030. Currently, only 13 per cent of PNG’s population has reliable access to electricity.
Economy/investment
Dates and location set for 2019 Papua New Guinea Investment Conference
The 2019 Business Advantage Papua New Guinea Investment Conference will take place on 19 and 20 August at the premium Shangri-La Hotel, Sydney, Australia.
Opinion and analysis
Opinion: Papua New Guinea could provide a model for the developing world says Oil Search MD Botten
Peter Botten, Managing Director of Oil Search, says including communities in the development agenda is a way that resource developers can engage with governments and other stakeholders. He explains that what his company has done in PNG can be a model for other developing countries.
Interviews
New majority owner of Port Moresby Stock Exchange outlines its plans
The Port Moresby Stock Exchange has new majority owners. So, who’s behind Pacific Capital Markets Development and what are their plans for Papua New Guinea’s bourse? In this exclusive interview, one of the Principals of Pacific Capital, Frank Dunphy, reveals all to Business Advantage PNG.
Infrastructure
Electrification Partnership beginning of new era for PNG Power
Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.
Company profiles
Kina Bank sees opportunity to be Papua New Guinea’s leading digital bank
Kina Bank’s vision is to be the country’s leading digital bank, CEO Greg Pawson tells Business Advantage PNG. He says the bank is preparing to take over ANZ PNG’s retail, commercial and SME businesses.
From our online directory …
‘The PNG 100’: key Papua New Guinea companies
Contact details for key Papua New Guinea corporations and service providers, listed by industry … Click to view list ...
Latest News
Electrification Partnership beginning of new era for PNG Power
Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.
Features
New majority owner of Port Moresby Stock Exchange outlines its plans
The Port Moresby Stock Exchange has new majority owners. So, who’s behind Pacific Capital Markets Development and what are their plans for Papua New Guinea’s bourse? In this exclusive interview, one of the Principals of Pacific Capital, Frank Dunphy, reveals all to Business Advantage PNG.
Turning security guards into role models in Papua New Guinea
A new initiative aimed at improving standards across Papua New Guinea’s security industry is being welcomed as a significant step forward. [Read more ...]
Opinion
Opinion: Papua New Guinea could provide a model for the developing world says Oil Search MD Botten
Peter Botten, Managing Director of Oil Search, says including communities in the development agenda is a way that resource developers can engage with governments and other stakeholders. He explains that what his company has done in PNG can be a model for other developing countries.
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