Commercial real estate activity in Port Moresby and Lae remains strong despite a fall in demand for executive rentals associated with the winding down of the six-year construction phase of the ExxonMobil-led LNG PNG project.
Features
The first shipment of gas from Papua New Guinea’s PNG LNG project has left for Japan this week, highlighting the potential billions of dollars of income for the project’s partners. Business Advantage PNG looks at where that income will go.
With shipments of gas from the PNG LNG project under way, Business Advantage PNG talks exclusively to Peter Botten, CEO of venture partner Oil Search Limited, about the future of Papua New Guinea’s largest company and hydrocarbons in PNG.
Port Moresby International airport is undergoing an expansion, ahead of an influx of passengers for the 2015 South Pacific Games, the 2018 APEC summit and projected increases in traffic as the economy grows. The Acting Managing Director of the National Airports Corporation, Joseph Tupiri, outlines the plans to Business Advantage PNG.
After a two-year wait for government approval, the Stanley gas project joint venture is about to enter its construction phase. There’s also a second, even bigger, project in the offing, according to Horizon Oil’s senior representative in Papua New Guinea.
An Israeli-backed and developed fruit and vegetable farm is delivering international standard produce for the domestic market in Papua New Guinea.
While most of Papua New Guinea’s coffee crop is sold in bulk to Europe’s major coffee giants, Paul Howell discovers one American businessman trying to offer the country’s coffee growers an altogether different, ‘aerial’ route to the US market.
Papua New Guinea’s economy finds itself in a hiatus, ahead of what will be a watershed moment its economic history—delivery of its first gas exports. In his annual appraisal of business conditions in the Pacific nation, Andrew Wilkins talks exclusively to some of PNG’s top executives.
The first shipment of Papua New Guinea’s LNG exports is due to get underway mid-year, marking the country’s entry to this growing global energy industry. With the prospect of second and third LNG projects, where will PNG fit in to the global LNG market?
The Bougainville government has established an investment bureau to attract national and international businesses to the province.