The national cabinet has approved the US $300 million (K829 m) development of the Stanley gas-condensate field in Western Province.
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In brief: Papua New Guinea budget deficit, massive growth and other stories
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9 Apr 2014 by Leave a Comment
A budget deficit for Papua New Guinea but the ADB forecasts massive growth in 2015. Meanwhile, nickel production looks set to rise. The week’s business news in brief.
Opinion: Oil Search loan deal will affect Papua New Guinea’s Sovereign Wealth Fund
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26 Mar 2014 by 1 Comment
Papua New Guinea’s proposed Sovereign Wealth Fund was intended to stabilise the kina and secure assets for the future. But, as Paul Barker from the Institute of National Affairs argues, the government’s borrowing plan for Oil Search shares may jeopardise the fund’s effectiveness.
In brief: PM takes over Treasurer’s role, first LNG shipments ahead of schedule and Ok Tedi Mining profits plunge
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12 Mar 2014 by Leave a Comment
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
The finish line for PNG LNG gas project is in sight, says ExxonMobil’s Graham
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4 Mar 2014 by Leave a Comment
As Papua New Guinea’s largest resources project edges closer to completion, Business Advantage PNG speaks exclusively with Peter Graham, the man who has lead the PNG LNG gas project since Day One. In this first of a two-part series, the Managing Director of ExxonMobil PNG provides an update on the project’s progress.
Increased competition in Papua New Guinea construction sector
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19 Feb 2014 by 1 Comment
With the PNG LNG project moving from its construction phase into production, a downturn in Papua New Guinea’s building and construction sector is underway, softened somewhat by the national government’s injection of infrastructure spending. But there’s still plenty of work to be done, as Business Advantage PNG reports.
In brief: Papua New Guinea government to sell 50% stake in Air Niugini and other stories
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5 Feb 2014 by
The Papua New Guinea Government plans to sell its 50% in Air Niugini, PNG Power calls for overseas power investors and tuna industry threatened. Your weekly digest of the week’s business news.
Papua New Guinea currency may fall another 10 per cent: ANZ
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28 Jan 2014 by Leave a Comment
The value of the Papua New Guinea’s currency, the kina, is expected to fall as much as ten per cent over the coming year, after stabilising for the last two months, according to Lead Pacific Economist at ANZ Bank, Daniel Wilson.
What’s on the agenda for Papua New Guinea business in 2014?
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15 Jan 2014 by Leave a Comment
The coming year looks promising for Papua New Guinea business, with the giant PNG LNG project due to commence gas exports, and further investments looking likely. Meanwhile, eyes are on the O’Neill Government to see how it can improve the operating environment for business. Business Advantage PNG looks ahead to consider what 2014 may bring.
Mining and petroleum in Papua New Guinea face contrasting fortunes, says Chamber head
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27 Nov 2013 by
Next week’s Papua New Guinea Mining and Petroleum Seminars in Port Moresby will highlight the increasing divergence in fortunes of PNG’s mining and petroleum sectors, according to Greg Anderson, Executive Director of the Papua New Guinea Chamber of Mines and Petroleum.
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