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Papua New Guinea Government demands make Pasca A gas project ‘unfinanceable’, says Twinza Oil

The anticipated signing of a gas agreement for Pasca A, Papua New Guinea's first undersea gas project, has stalled at the eleventh hour. Developer Twinza Oil says it will stand down its project team due to a last-minute State request it claims would render the project 'unfinanceable'.
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In brief: PNG Tourism Promotion Authority reveals exit survey numbers and other business stories

Papua New Guinea's Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.
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Barrick Gold and Papua New Guinea Government strike new deal over Porgera

The Porgera gold mine in Enga Prince looks set to reopen later this year after the Papua New Guinea Government and mine operator Barrick Gold reached a 'binding framework agreement' to share future benefits from the mine and boost local ownership. 
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Securities Commission uncertainty a bottleneck to Papua New Guinea’s growth, says PNGX Chairman

Papua New Guinea took a step closer to resolving a significant governance issue related to its stock exchange, PNGX, following a National Court ruling late last month. However, uncertainty continues to hold back PNG's capital markets, reports David James.
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In brief: Chamber of Mines and Petroleum pledges to help Papua New Guinea with COVID-19 efforts and other business stories

The PNG Chamber of Mines and Petroleum pledges to join help with COVID-19 efforts, news on the Simberi gold mine revised MOA and a new report highlights strategies to help the coffee industry. Your business news in brief.
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