Changes to the Oil and Gas Act, Prime Minister James Marape has announced that he wants to get the Wafi-Golpu gold mine ‘operational at the soonest’, and opposition leader Patrick Pruaitch has presented a case to challenge Marape’s election as prime minister. Your weekly digest of business news.
So, the Papua LNG project has been given the all-clear by Minister for Petroleum, Kerenga Kua. The debate about who ‘buckled’ and who kept their nerve will take place, no doubt, but the end of the government’s review into the gas agreement signed in April is to be welcomed.
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SP Brewery announces a new Managing Director, new Chief Financial Officer and Chief Commercial Officer at the Anitua Group, PNG Power names Acting Chief Executive Officer, Credit Corporation PNG appoints General Manager Property, and the Ahi Local Level Government elects a President.
Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.
Twinza Oil (PNG) to progress Pasca LNG project, Papua New Guinea’s Prime Minister has said that a Supplementary Budget may be announced within the next few weeks, and the Coral Sea Cable project is nearing completion. Your weekly digest of business news.
In an exclusive interview with Business Advantage PNG, ratings analyst Rebecca Hrvatin, says PNG’s fiscal imbalances will improve—provided the Papua LNG project continues as planned.
Acting Managing Director Carolyn Blacklock has resigned from state-owned utility, PNG Power. The announcement comes with the state-owned utility on the cusp of launching a new ‘reform agenda’.
Proposed changes to the Mining Act are likely to go to Papua New Guinea’s Cabinet ‘in the next few weeks,’ according to Peter Graham, Managing Director of Ok Tedi Mining.
Newcrest unveils its 2019 results and comments on Wafi-Golpu, Kingston Resources to increase exploration at Misima and the Investment Promotion Authority revisits K1,000 penalty. Your business digest of business news.