Thermal power station launched this week, PNG DataCo and Telikom share fibre optics, Mainland Holdings expands wheat production. Your weekly digest of the latest business news. PNG Power’s Acting CEO Alex Oa says the new 30-megawatt thermal power station at Munum just outside Lae city in Morobe Province is expected to be commissioned this week. PPL is confident […]
Papua New Guinea has enough gas for five trains, says Kumul Petroleum MD
Welcome,
1 Mar 2017 by 1 Comment
Papua New Guinea’s state petroleum company, Kumul Petroleum, sees its role in developing oil and gas projects in partnership with developers, according to Managing Director, Wapu Sonk. He tells Business Advantage PNG there is enough gas in the country for no less than five LNG trains.
In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories
Welcome,
21 Feb 2017 by Leave a Comment
Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.
What’s on the agenda for Papua New Guinea business in 2017?
Welcome,
18 Jan 2017 by 2 Comments
As Papua New Guinea business gets back to work, Business Advantage PNG looks at some of the issues coming up in 2017. It looks likely to be a year of preparing for better times.
Total aiming to start Papua LNG production in 2022/23, says Blanchard
Welcome,
28 Nov 2016 by 4 Comments
Philippe Blanchard, Managing Director of Total E&P PNG – operator of the Papua LNG project – tells Business Advantage PNG that production for the project is expected to begin in 2022/2023. He says Total is using local labour and companies as much as possible.
In brief: Chief Secretary warns of ‘drastic cuts’ in 2017 Budget, and other business stories
Welcome,
18 Oct 2016 by Leave a Comment
Chief Secretary says 2017 will be very tough, moratorium on beche-de-mer may be lifted soon, and PNG LNG spends K12 billion on local services. Your weekly digest of the latest business news.
In brief: Papua New Guinea government ‘committed’ to resolving royalty dispute at PNG LNG site, and other business stories
Welcome,
17 Aug 2016 by Leave a Comment
Blockade of PNG LNG site now its second week, Trade Minister threatens Fiji over refusal to import PNG products, and fears of job losses if rice import quotas introduced. Your weekly digest of the latest business news.
Oil Search will benefit from working with ExxonMobil on Papua LNG project, says Botten
Welcome,
3 Aug 2016 by Leave a Comment
ExxonMobil PNG may have trumped Oil Search’s bid for InterOil Corporation, but Papua New Guinea’s largest company will still benefit from the US major’s US$2.3 billion bid, according to Oil Search’s Managing Director Peter Botten. He tells Business Advantage PNG that the bid by ExxonMobil delivers most of the benefits of Oil Search’s take over offer and pushes the ‘cooperation agenda’.
In brief: Petroleum Minister says Bougainville President should ‘carefully consider’ offer of free equity in BCL, and other business stories
Welcome,
13 Jul 2016 by Leave a Comment
John Momis told to ‘carefully consider’ equity offer from Rio Tinto, ExxonMobil declines to confirm or deny InterOil bid, and Supreme Court orders parliamentary vote on no confidence motion. Your weekly digest of the latest business news.
What’s next for Papua New Guinea’s PNG LNG project?
Welcome,
9 Mar 2016 by 3 Comments
Papua New Guinea’s transformational PNG LNG project has been exporting gas to Asian markets since 2014. But what’s next for the project and its developer, ExxonMobil? Business Advantage PNG speaks with Andrew Barry, the Managing Director of ExxonMobil PNG Limited, to find out.
USD 0.2625
AUD 0.3992
GBP 0.2092
EUR 0.2446
NZD 0.4396
JPY 40.15
SGD 0.3552
Recent readers’ comments