ExxonMobil PNG’s Tera Shandro on the next decade of LNG in Papua New Guinea

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A decade on from the opening of PNG LNG, Papua New Guinea’s first gas project, ExxonMobil PNG’s Chairperson and Managing Director Tera Shandro reflects on the progress so far and the potential of forthcoming projects such as the K5 billion Angore project and the Wildebeest prospect.

Economic update: Papua New Guinea’s decade of growth begins

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As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.

Papua New Guinea faces higher fuel prices as shortages continue

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Fuel buyers in Papua New Guinea have been warned to expect higher prices as the government negotiates with global suppliers to end shortages in the local market related to the winding back of Puma Energy’s operations in the country. Meanwhile, short-term solutions are being put in place.

Papua LNG investment decision faces delay as financiers grapple with climate concerns

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The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources.

Decarbonisation: what’s the business opportunity and how does PNG get involved?

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The decarbonisation of the global economy is going to create the greatest investment opportunity of our lifetime, according to KPMG’s Global Oil and Gas Lead, Jonathan Parker. But how do companies prepare, and what role does government have in making it happen?

Conference catches Papua New Guinea of the cusp of a new era of investment

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Investment and partnership opportunities were a focus at this year’s 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.

People moves: ExxonMobil PNG, National Executive Council, Kina Asset Management

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ExxonMobil announces key changes to its management team, the Minister for Foreign Affairs steps down, and Kina Asset Management appoints Acting Chairman.

Papua LNG project moves to FEED stage: what’s next?

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The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage – the last major stage before the $US10 billion project is given a green light. We look at what happens next.

What business opportunities will flow from the Papua LNG project?

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More details have been revealed about the planned TotalEnergies-led Papua LNG gas project and how businesses can get involved.

Kumul Petroleum moves to increase Papua New Guinea’s stake in PNG LNG project

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State-owned Kumul Petroleum has made an offer to purchase a further five per cent of the PNG LNG project from Santos. The US$1.4 billion move looks set to position it to play a greater role in the future of Papua New Guinea’s oil and gas sector with global LNG demand increasing.