Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P’nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. Your weekly digest of business news.
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In brief: Parliament passes 10 Papua LNG Project Amendment Bills and other business stories
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21 Oct 2019 by Leave a Comment
Focus moves to P’nyang agreement after government endorsement of Papua LNG
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2 Oct 2019 by 1 Comment
After the government’s endorsement of the Papua LNG Gas Agreement in September, attention has shifted to achieving a deal for the P’nyang gas project. Its developers see its pending approval as a prerequisite for the commencement of Papua LNG.
Analysis: How the Papua LNG project should improve PNG’s financial imbalances
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4 Sep 2019 by Leave a Comment
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.
US$10 billion Papua LNG project to go ‘full steam ahead’ in Papua New Guinea
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3 Sep 2019 by 3 Comments
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.
Papua New Guinea’s growth depends on Papua LNG going ahead, says S&P
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2 Sep 2019 by Leave a Comment
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.
In brief: Papua New Guinea team in Singapore to discuss Papua LNG and other business stories
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19 Aug 2019 by 1 Comment
Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea’s Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.
Papua New Guinea government to ‘stand behind’ Papua LNG gas agreement
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5 Aug 2019 by Leave a Comment
Papua New Guinea’s Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG’s cabinet) has ‘in principle’ agreed to ‘stand behind’ the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.
In brief: Papua New Guinea could renegotiate the terms of Papua LNG and other business stories
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29 Jul 2019 by Leave a Comment
Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.
Bishops looks to service Papua LNG project
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22 Jul 2019 by Leave a Comment
Equipment supplier Bishop Brothers is positioning itself to be a major supplier to the forthcoming Papua LNG project, according to General Manager Len Pianta. He tells Business Advantage PNG the company is also looking at opportunities to expand into Fiji and New Caledonia.
Review of Papua LNG project will solve ‘misunderstandings,’ says Prime Minister
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24 Jun 2019 by Leave a Comment
Prime Minister James Marape told the 2nd Speaker’s Investment Summit in Port Moresby last week that the government would move quickly address ‘misunderstandings’ about the US$10 billion Papua LNG project.
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