US$10 billion Papua LNG project to go ‘full steam ahead’ in Papua New Guinea

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Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.

Second route out of Papua New Guinea’s Highlands could transform country: IFC study

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Currently, the only way of bringing bulk agricultural produce out of Papua New Guinea’s fertile Highlands is down the Highlands Highway to the port city of Lae. A new study has identified a faster second route—through Gulf Province. Business Advantage PNG investigates.

Gulf Province: Papua New Guinea Business Guide

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Gulf Province is located on Papua New Guinea’s southern coast. It has a concave coastline of large deltas that lead into the Lakekamu Basin, and has mountains and wide expanses of seasonally flooded grass plains stretching out from the Turama, Kikori, Purari and Vailala rivers. The province has about 500 kilometres of roads, mainly along the eastern coast and mountains.

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Date announced for Papua LNG gas agreement in Papua New Guinea

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Papua New Guinea’s Prime Minister Peter O’Neill has announced a date for the signing of the gas agreement for the US$13 billion Papua LNG project. Opening the PNG Petroleum and Energy Summit in Port Moresby yesterday, he also outlined some of the key elements the agreement will contain.

Papua LNG expected to drive development of Special Economic Zone in Gulf Province

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A fifteen-year plan to develop the Ihu Special Economic Zone is expected to be approved this month. Driving its development will be the infrastructure requirements for Papua New Guinea’s second liquefied natural gas project—Papua LNG.

Production from Papua LNG in Papua New Guinea could start in 2024, says Total Managing Director

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French super major Total will look to have a final gas agreement with the Papua New Guinea government for the Papua LNG project by March 2019. If the project gets the final go-ahead, production should start in 2024, according to Jean-Marc Noiray, Managing Director of Total E&P PNG.

Steamships’ new chief in Papua New Guinea keeps powder dry for coming challenges and opportunities

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The next 12 months or so is a time to digest and consolidate, says Peter Langslow, the incoming head of one of Papua New Guinea’s largest and oldest companies, Steamships Trading Company. He told Business Advantage PNG, however, it is also a time to prepare for fresh opportunities.

In brief: promise to complete key highway within 30 months and other business stories

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PM promises to upgrade Gulf-Southern Highlands Highway, a ban on foreigners buying land, and a possible chocolate factory for East Sepik. Your weekly digest of the latest business news.

New port in Gulf Province to be built by joint venture

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The Gulf Provincal government has set up a 50/50 partnership with the United States-based cargo transportation company, Teras America LLC, to build a port to service Papua New Guinea’s second LNG project and other industries.

InterOil teams up with Total to develop Papua New Guinea’s second LNG project

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InterOil Corporation has announced it is teaming up with France’s Total S.A. to develop Papua New Guinea’s second LNG gas project at the Elk and Antelope fields in Gulf Province. How will the new project fit into PNG’s existing LNG landscape?