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?
Simon Foo has been with Papua New Guinea’s national airline, Air Niugini, since day one and is now its Chief Executive Officer, after 12 years as a board member. Celebrating the airline’s 40th anniversary, he talks to Business Advantage PNG about the airline’s priorities and needs for the next 10 years.
InterOil says it will strongly defend the recent deal it signed with French oil company Total SA involving the Elk-Antelope gas fields Gulf Province.
The Parties to the Nauru Agreement (PNA) agreed at its meeting in Honiara in March 2014 to set limits on tuna catches. Sean Dorney argues Pacific governments now need to address illegal fishing, an errant European Union, and the threat posed by subsidised foreign fishing fleets.
Papua New Guinea’s proposed Sovereign Wealth Fund was intended to stabilise the kina and secure assets for the future. But, as Paul Barker from the Institute of National Affairs argues, the government’s borrowing plan for Oil Search shares may jeopardise the fund’s effectiveness.
By introducing a range of specialty services Lae International Hospital has emerged as a leading private health facility in Papua New Guinea’s Morobe Province.
Kina Group has launched Papua New Guinea’s first non-bank EFTPOS cash card.
Hundreds of millions of dollars is being spent in Papua New Guinea on road repairs and new roads, from Port Moresby to the Highlands and coastal provinces. Business Advantage PNG surveys what the country will get for its money, and considers what is still needed.
Starting from scratch in 1997, R D Tuna Canners has lead the way towards value-adding in PNG’s fisheries sector, turning a greenfield site in Madang into one of the region’s major sources of canned tuna.
There is no question that Papua New Guinea’s manufacturers-which account for about 9% of the country’s GDP – have been caught up in the general downturn in the country’s economy, with a combination of lower investment in the mining and petroleum sectors, lower commodity prices and a stronger currency slowing growth and reducing domestic demand.