About Business Advantage PNG

In brief: LNG production resumes earlier than expected, and other business stories

Production resumes at the LNG plant as more reserves found, BHP Billiton to be sued over alleged environmental damage, and talks with China over a free trade agreement. Your weekly digest of the latest business news.

People moves: Bank South Pacific, Bougainville Referendum Commission, 2019 Asia Pacific Business Forum

Ni-Vanuatu to head up BSP operations in Port Vila, former Irish PM nominated to head the Bougainville Referendum Commission, new Chair of the 2019 Asia Pacific Business Forum

Flannery leads program for 2018 Papua New Guinea Investment Conference

Eminent scientist Professor Tim Flannery will be one of the key speakers at this year’s Business Advantage Papua New Guinea Investment Conference at the Sofitel Brisbane Central on 6 and 7 August this year.

Six questions for Philippe Blanchard, Managing Director, Total E&P PNG

Papua New Guinea’s second LNG plant is expected to be ready by 2023-2024, according to Total Managing Director, Philippe Blanchard. He told Business Advantage PNG the company is also keeping its eyes open for other energy plants in PNG.

Papua New Guinea Commerce Minister wants stock exchange opened up to attract more foreign investment

Commerce and Industry Minister, Wera Mori, says the government is focusing on new laws to open up Papua New Guinea’s capital markets to attract foreign investment. He also told business in Port Moresby this week that the government alone cannot rebuild the country’s economy and has called for a new bond between the state and the business community.

In brief: Foreign exchange reserves to be about US$2 billion by year’s end, and other business stories

Rise in foreign exchange reserves expected, K1.3 billion required annually for road maintenance work, and Ramu nickel project to have 35 year life. Your weekly digest of the latest business news. 

Review: Jackson’s Restaurant and Bar, Port Moresby

Jackson’s Restaurant and Bar has proved a popular addition to Port Moresby’s dining scene since it opened in 2016, part of a major upgrade of the Gateway Hotel’s food and beverage offering.

People moves: Air Niugini, Foreign Affairs Dept, Corrs Chambers Westgarth

Air Niugini CEO to retire, new Secretary of the Dept of Foreign Affairs and Trade, a new Partner at law firm, Corrs Chambers Westgarth

In brief: Gas from PNG LNG plant to feed the Port Moresby grid in early 2019, and other business stories

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.

In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories

Prime Minister O’Neill working on loan to ease foreign exchange pressure, domestic market obligation for future LNG projects, and Western LNG project likely to be stand-alone. Your weekly digest of the latest business news.