With the PNG LNG project now in production, all eyes are on Papua New Guinea’s next likely gas project: Papua LNG. InterOil Corporation has been with the project, based on the Elk-Antelope gas fields in Gulf Province, since its inception. Chief Executive Officer Michael Hession tells Business Advantage PNG why the project is still promising, even in a time of low global gas prices.
Trade, Commerce and Industry Minister Richard Maru says he is compiling a reserve list of businesses that may only be owned and operated by PNG nationals. While Maru has given no timeline for the reintroduction of the Reserve List, he says existing businesses will be bought out at the current value.
Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.
Malaysia’s diversified Rimbunan Hijab Group is a major investor in Papua New Guinea. Managing Director James Lau talks to Business Advantage PNG about the company’s current construction projects, how its retail, agribusiness and forestry subsidiaries are performing, and the economic outlook for 2016.
The entry of the global French-based energy giant, Total SA, has prompted the first French-only trade delegation to Papua New Guinea, which will visit Port Moresby and Lae next week. Delegation Leader, Arthur Lenoir, explains the rationale for the trip to Business Advantage PNG.
Infrastructure development and improving the agricultural sector are the two key focusses for World Bank financing in Papua New Guinea. But, on a personal level, it is education and its potential that inspires its PNG Country Manager, Steffi Stallmeister. She spoke to Business Advantage PNG.
For more than 30 years, Finkewe Zurecnuoc has been a trailblazer for female engineers in Papua New Guinea. The PNG Power board member is now focusing on using her professional experience to help improve accessibility to power in remote areas.
Australian businesses eager to earn a dollar in Papua New Guinea should understand they need to be seen as committed long-term to the market to be successful, says Australia’s Senior Trade Commissioner to PNG, David Knapton.
Maersk Line has appointed Anthony Randell as its new Country Manager for Australia and Papua New Guinea. He spoke to Business Advantage PNG about the next phase of the shipping giant’s involvement in PNG.
PNG Prime Minister Peter O’Neill says the current wave of economic reforms are vital if the country is to be competitive and living standards rise. He spoke to Business Advantage PNG after addressing the Advantage Investment Summit in Brisbane last week.