Since 2014, Puma Energy has been Papua New Guinea’s major refiner and retailer of petroleum products. Its also part of a global energy operation that spans 47 countries. Jim Collings, Country General Manager, explains some of the challenges of supplying a country which is still heavily reliant on diesel fuel.
Search Results for: Papua LNG
Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst
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27 Jun 2017 by 1 Comment
Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia’s LNG industry.
Queen’s Birthday Honours 2017 for Papua New Guinea
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21 Jun 2017 by Leave a Comment
Four new Knights are among 80 Papua New Guineans recognised in the 2017 Queen’s Birthday Honours Awards.
Five questions to economist Rohan Fox on Papua New Guinea’s exchange rates and APEC 2018
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13 Jun 2017 by 4 Comments
Papua New Guinea needs greater flexibility in the exchange rate, Rohan Fox, Lecturer and Research Fellow at the University of Papua New Guinea’s Division of Economics, explains to Business Advantage PNG. He believes APEC will be a boost to the economy but not enough to spark a general recovery.
CPL eyes expansion, but is waiting on Papua New Guinea’s economic recovery
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6 Jun 2017 by 2 Comments
Papua New Guinea’s largest retailer is still only servicing about 30 per cent of Papua New Guineans, according to Chairman of CPL Group, Mahesh Patel. While it has product and store expansion plans, Patel says CPL is waiting on a general economic recovery before moving forward.
Papua New Guinea economy stabilising, but financial stresses remain says Bank of PNG
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5 Jun 2017 by 1 Comment
The Papua New Guinea economy is gradually stabilising as it adjusts to the impact of the PNG LNG project, according to the Bank of PNG’s latest Monetary Policy Statement. Real economic growth is predicted to be 2.8 per cent, the kina has been steady, and the 2016 balance of payments was in surplus. But there are financial stresses, as David James reports.
PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry
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17 May 2017 by 1 Comment
The Prime Minister Peter O’Neill has outlined a plan of greater government involvement in Papua New Guinea’s industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O’Neill described the need both to broaden the industry base and to move some industries up the value chain.
Papua New Guinea’s banks face high economic risks, reflecting debt and resource reliance, says ratings agency, S&P Global
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16 May 2017 by Leave a Comment
The economic risks faced by the three main commercial banks in Papua New Guinea are very high, says ratings agency S&P Global Ratings. But Associate Director Andrew Mayes tells Business Advantage PNG, credit risk is ‘well-managed’.
Papua New Guinea interest rates likely to remain stable and inflation to fall, say research groups
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9 May 2017 by Leave a Comment
Interest rates are likely to remain at 6.26 per cent for the rest of 2017, and inflationary pressures are expected to moderate, according to the latest economic analysis by Singapore-based BMI Research, a unit of Fitch Group.
Releasing more land key to increasing Papua New Guinea home ownership
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3 May 2017 by 1 Comment
Demand for housing in Papua New Guinea is strong but there is a shortage of supply, according to the latest survey by Hausples, a Port Moresby-based real estate technology company.
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