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Kumul Petroleum moves to increase Papua New Guinea’s stake in PNG LNG project

State-owned Kumul Petroleum has made an offer to purchase a further five per cent of the PNG LNG project from Santos. The US$1.4 billion move looks set to position it to play a greater role in the future of Papua New Guinea's oil and gas sector with global LNG demand increasing.
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Foreign investment starting to return to Papua New Guinea, says IPA head

Foreign direct investment in Papua New Guinea is starting to return this year after a 'huge slump' over the previous two years, according to Clarence Hoot, Managing Director of the country's Investment Promotion Authority.
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Regulator approval paves the way for corporate bond market in Papua New Guinea

In what may be the most significant innovation in Papua New Guinea's capital markets since the establishment of a local stock exchange, the PNGX has announced Securities Commission approval for its new Debt Market Rules. The approval paves the way for the establishment of a corporate bond market.
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In brief: Papua New Guinea to explore free trade agreement with China and other business stories

Free trade agreement with China to be explored, Papua New Guinea's Immigration and Citizenship Authority reactivates instant visas, and Port Moresby to get new tower development. The business news today.
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Mineral Resource Authority MD predicts strong copper and gold production for Papua New Guinea up to 2050

If its two mining 'mega projects' – Wafi-Golpu and Frieda River – are delivered on schedule, Papua New Guinea will become one of the world's major copper producers over the next thirty years, according to Jerry Garry, Managing Director of the country's Mineral Resources Authority. However, he warns, PNG's dependence on mining exports looks set to come to an end shortly thereafter.
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Papua New Guinea has ‘enormous potential’ to increase exports, Eslake tells conference

Delegates to last week's 2022 Business Advantage Papua New Guinea Investment Conference received an overview of the plans of the new Marape government, as well as detailed economic updates and a range of briefings on opportunities across the country's key economic sectors.
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