The go-ahead for the US$10 billion Papua LNG project is likely to do much to alleviate some of the financial imbalances in the PNG economy, including the lack of availability of foreign exchange and the weakness of the currency. David James investigates.
Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.
In an exclusive interview with Business Advantage PNG, ratings analyst Rebecca Hrvatin, says PNG’s fiscal imbalances will improve—provided the Papua LNG project continues as planned.
What can the Prime Minister and his team do to support a sustained recovery? ANU’s Stephen Howes offers his suggestions.
Acting Managing Director Carolyn Blacklock has resigned from state-owned utility, PNG Power. The announcement comes with the state-owned utility on the cusp of launching a new ‘reform agenda’.
Watch how public debt has grown in Papua New Guinea since 1990, based on central bank statistics.
Proposed changes to the Mining Act are likely to go to Papua New Guinea’s Cabinet ‘in the next few weeks,’ according to Peter Graham, Managing Director of Ok Tedi Mining.
NKW Fresh, a division of the landowner-owned conglomerate NKW Holdings, is providing fresh produce across Papua New Guinea and aiming to export to the region. David James explores what this may mean for the country that aims to be the ‘food basket’ of the region.
The gas price has increased over the last month, but the oil price has weakened. Cocoa and coffee prices are also down. Business Advantage PNG’s monthly overview of commodity and financial markets.
The two-day 2019 Business Advantage Papua New Guinea Investment Conference concluded yesterday in Sydney and is being hailed as a success. We report from the annual event.