Papua New Guinea’s gas will be in strong demand says resource analyst

Demand from the Asian region for natural gas will ensure that Papua New Guinea’s LNG industry remains robust in the medium term, David Lennox, xxz tells Business Advantage PNG. He says growing tensions about trade barriers may be beneficial for the country.

Government incentives for second Papua New Guinea gas project should be fewer than for PNG LNG, say analysts

The operators of the Papua project are expected to make a financial investment decision on the project in 2019. But now that Papua New Guinea has ‘proven itself’ as a good manager of major global projects, it should be able to negotiate less generous terms with the operators of the second LNG plant, say economists and investment analysts.

Oil Search share sale represents a win for Papua New Guinea, says analyst

PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.

Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst

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.