Total aiming to start Papua LNG production in 2022/23, says Blanchard

Philippe Blanchard, Managing Director of Total E&P PNG – operator of the Papua LNG project – tells Business Advantage PNG that production for the project is expected to begin in 2022/2023. He says Total is using local labour and companies as much as possible.
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Credit & Data Bureau improving financial accountability in Papua New Guinea, says MD Bruce Mackinlay

The World Bank’s Ease of Doing Business singled out a new private credit bureau as having ‘improved the credit information system in Papua New Guinea.’ Bruce Mackinlay, Managing Director of the Credit & Data Bureau, tells Business Advantage PNG that the organisation is improving the country's transparency and accountability.
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InterOil ponders appeal after Canadian court upholds appeal against takeover by ExxonMobil

The Chairman of InterOil, Chris Finlayson, says the company is considering an appeal to the Supreme Court of Canada after a court upheld an appeal against the US$2.5 billion (K7.9 billion) sale of InterOil to ExxonMobil. Meanwhile, the man behind the appeal, Phil Mulacek, tells Business Advantage PNG he's open to dialogue.
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In brief: Kina depreciated by 36% since 2012, Reserve Bank governor reveals, and other business stories

Loi Bakani says managing a depreciating kina is 'very difficult', Canadian court to hear appeal against InterOil buyout, and Coffee Industry Corp steps up rehabilitation program. Your weekly digest of the latest business news.
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Gas makes a comeback: a monthly review of Papua New Guinea’s commodities and financial markets

Gas prices have surged over the last month, returning to the price level of a year ago. Oil prices are also up strongly over the month. Coffee prices have moved sideways, while cocoa prices have fallen and palm oil prices are slightly down. Business Advantage PNG’s monthly overview of Papua New Guinea's commodities and financial markets.
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New exchange may see internet costs in Papua New Guinea fall, says analyst

While a consultancy's report has shown that internet costs in Papua New Guinea are amongst the highest in the world, prices are falling. Encouragingly, an agreement announced this week could see internet costs fall even further.
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