In the second and final part of his exclusive interview with Business Advantage PNG, ExxonMobil PNG Managing Director Peter Graham considers the flow-on benefits of the PNG LNG project and ExxonMobil’s future in PNG. Plus, what’s going to happen to the project’s 14,700 workers?
The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.
The newly-upgraded Crossroads Transit Hotel aims to address a shortage of hotel rooms in Lae, Morobe Province.
As Papua New Guinea’s largest resources project edges closer to completion, Business Advantage PNG speaks exclusively with Peter Graham, the man who has lead the PNG LNG gas project since Day One. In this first of a two-part series, the Managing Director of ExxonMobil PNG provides an update on the project’s progress.
While Papua New Guinea’s economy has slowed in the past year, many of the country’s manufacturers continue to see growth as the longer-term trend, and are investing in new plant, new products and new marketing approaches.
Nautilus Minerals intent on deep sea mining, despite cancelling government agreement, says its CEO.
With the PNG LNG project moving from its construction phase into production, a downturn in Papua New Guinea’s building and construction sector is underway, softened somewhat by the national government’s injection of infrastructure spending. But there’s still plenty of work to be done, as Business Advantage PNG reports.
New Caledonia’s tourism industry finally seems intent on fulfilling its tremendous potential, as new high-end properties open and direct flights to Melbourne are launched.
Several new developments – the creation of a tourism hub at Kokopo (and new direct international flights to service it) and the start of cruise liners visiting remote Milne Bay – indicate progress is being made to develop Papua New Guinea’s tourism industry.
Cheap imports into Papua New Guinea are posing an increasing threat to local producers, with reports of foreign companies ‘dumping’ goods in PNG or under-declaring the value of imports.