Papua LNG investment decision faces delay as financiers grapple with climate concerns

The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources.
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Major digitisation announcements at Innovation PNG

Last week's 2023 Innovation PNG conference showcased some of Papua New Guinea's best and brightest. It also featured the announcement of some significant new initiatives to stimulate the digitisation of the country's economy.
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Newmont to list in Papua New Guinea as Newcrest acquisition is finalised

Newmont Corporation's acquisition of Newcrest Mining, which owns the Lihir gold mine in Papua New Guinea, and is one of the partners in the Wafi-Golpu copper-gold joint venture, is set to be completed in coming days. Business Advantage PNG considers what will happen next.
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Better times ahead on foreign exchange, says Bank of Papua New Guinea Acting Governor

September was another tough month for availability of foreign exchange in Papua New Guinea, but central bank Acting Governor Elizabeth Genia has moved to reassure business that the bank is committed to supporting the kina as it adjusts to a lower level against the US dollar. She's also flagging better times ahead on forex.
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