Mining/petroleum

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Review of Papua LNG project will solve ‘misunderstandings,’ says Prime Minister

Prime Minister James Marape told the 2nd Speaker's Investment Summit in Port Moresby last week that the government would move quickly address 'misunderstandings' about the US$10 billion Papua LNG project.
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LNG price volatility and what it means for Papua New Guinea

Papua New Guinea must ensure that it is at the front of the ‘queue’ in its LNG projects if it is to adapt to future volatility, according to Dr Fereidun Fesharaki, Founder and Chairman of the oil and gas consulting group Facts Global Energy (FGE). He predicts huge shifts in the oil and gas markets.
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Papua New Guinea’s National Court puts Wafi-Golpu negotiations on hold pending hearing

Discussions between Papua New Guinea government agencies and the developers of the US$9 billion Wafi-Golpu copper-gold project have been put on hold by the country’s National Court while it considers an application for leave for a judicial review. Meanwhile, work under the project's exploration licence continues. 
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Kumul Petroleum’s ambitious plans to boost electrification in Papua New Guinea

Papua New Guinea's national oil and gas company plan to  increase household electrification and encourage growth in remote locations. Its Managing Director, Wapu Sonk, has revealed the company plans to diversify and focus on more downstream activities in order to maintain revenues.
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US$10 billion Papua LNG agreement signed between Papua New Guinea government and developers

The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33.7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. The project, which will double PNG's gas production, represents the second-largest foreign direct investment ever in the country.
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