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?