LNG, forex and fuel supply remain in focus, while new listings and privatisation are on the agenda. Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
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2025: what can Papua New Guinea business expect from the year ahead?
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Santos Foundation’s life-changing ‘Bel isi’ program in Papua New Guinea wins international recognition
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A Santos Foundation program committed to changing attitudes towards family and sexual violence, and supporting survivors in Papua New Guinea, has won international recognition for its life-changing impact at the Platts Global Energy Awards in New York.
Editorial: How is business confidence in Papua New Guinea leading into 2025?
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The past year has been a challenging one for Papua New Guinea’s major businesses but, as we are learning from our own conversations with them, they are nevertheless proving remarkably resilient. Now, all eyes are again focused on the next wave of resources investments.
PanAust plays long game on Papua New Guinea’s Frieda River project
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The US$7 billion Frieda River copper-gold project is one of the largest in Papua New Guinea’s development pipeline but may take another decade to come into production. Business Advantage PNG looks into why its developer, PanAust, considers it worth the wait.
Islands Petroleum stepping up to help meet Papua New Guinea’s fuel supply needs
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Papua New Guinea has faced ongoing fuel supply challenges since August 2023, as a result of issues related to its largest fuel importer, Puma Energy. Islands Petroleum is one of a number of fuel companies that have ramped up capacity to help meet demand. Chief Executive Nathan Bluett says the company is now looking to grow further.
‘Massive opportunity’ for private power producers in Papua New Guinea
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Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Editorial: Domestic investors fill the gap while Papua New Guinea awaits next wave
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Forex shortages in PNG have acted as handbrake on both economic growth and foreign direct investment over the past decade, according to the IMF. However, domestic and concessional investors have been stepping in to keep PNG’s economy moving.
Day 1 report from the 2024 Papua New Guinea Investment Conference
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Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings’ Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
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