The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.
Posts by David James
A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.
As Papua New Guinea catches up in its adoption of digital technologies, there is an urgent need to improve cybersecurity. According to Alberto Cimas, Senior Manager in Deloitte’s Risk and Consulting Practice in PNG, the first step is to understand how easy it is to hack a computer system
What is likely to happen with the P’nyang gas project? Resources analysts say that it is cost competitive in world terms, and examine some of the options that the players have.
Papua New Guinea’s Prime Minister James Marape has announced the end of negotiations with ExxonMobil over the P’nyang gas agreement. The project’s developers have responded to his claims that there was ‘an unwillingness to agree to reasonable terms’.
LNG and coffee prices have come off dramatically while oil is weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
The accelerated rate of change with technology is constantly throwing up new challenges and opportunities for business. Paul Burman, Megatrends Ambassador for Hewlett Packard, looks at some major technology trends that might impact Papua New Guinea in the future.
ExxonMobil and the government-appointed State Negotiating Team have until the end of January to negotiate an agreement for the P’nyang gas project, says Minister for Petroleum.
New Britain Palm Oil is making strides in the area of ‘precision agriculture’ in Papua New Guinea. Its experience provides pointers for other agribusinesses looking to gain a better control of their costs.
Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.