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Papua New Guinea’s LNG exports will more than double over the next 10 years, as a result of the planned expansion works, according to Fitch Solutions’ Senior Country Risk Analyst, Raphael Mok. But, he tells Business Advantage PNG, the government must address landowners’ backlash against royalty payments.
Papua New Guinea has opportunities in the emerging methods of capturing carbon, climate change expert Professor Tim Flannery told the Business Advantage Papua New Guinea Investment Conference in Brisbane. He pointed to forests, soil, marine and biomass as potential commercial areas.
After the successful launches of sustainable small businesses in Vanuatu and Samoa, a donor-funded private sector initiative is preparing to expand into Papua New Guinea. Anna Moegerlein from Melbourne’s The Difference Incubator explains the initiative to Business Advantage PNG.
There is growing interest in improving the way projects are managed in Papua New Guinea, according to Ian McMahon, Managing Director of the Australian Institute of Project Management. He outlines the key elements of a successful project.
Improvements in Papua New Guinea’s mobile infrastructure has seen rapid recent growth in subscribers to mobile broadband, according to telecommunications researchers BuddeComm. But low incomes, terrain, and lack of electricity are hindering greater access more quickly.
The recovery by CPL Group from a devastating fire has been one of the more remarkable come backs in Papua New Guinean business. But Chief Executive Mahesh Patel tells Business Advantage PNG that there is still a long way to go.
Demand from the Asian region for natural gas will ensure that Papua New Guinea’s LNG industry remains robust in the medium term, David Lennox, xxz tells Business Advantage PNG. He says growing tensions about trade barriers may be beneficial for the country.
Research by the Fraser Institute shows that Papua New Guinea rates ahead of several Australian states for attractiveness for mining investment. Gavin Wendt, Founding Director of resource analyst Minelife, says statements from Kumul Mineral Holdings’ Chairman Peter Graham that it will invest in upcoming projects are also a positive for foreign investors.
Copper has weakened, but oil and gas prices are showing strength. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.