In brief: Russia and PNG to set up mutual embassies, and other business news

Russia plans to open an embassy in Port Moresby, the Australian Prime Minister announces relaxed visa rules for Pacific nations, and Crystal Kewe, the young app developer, wins a major APEC award.

Papua New Guinea LNG production predicted to double within 10 years, reports Fitch Research

Papua New Guinea’s LNG exports will more than double over the next 10 years, as a result of the planned expansion works, according to Fitch Solutions’ Senior Country Risk Analyst, Raphael Mok. But, he tells Business Advantage PNG, the government must address landowners’ backlash against royalty payments.

In brief: US, Australia and Japan announce new infrastructure fund for the Pacific, and other business stories

Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.

In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories

Prime Minister O’Neill working on loan to ease foreign exchange pressure, domestic market obligation for future LNG projects, and Western LNG project likely to be stand-alone. Your weekly digest of the latest business news.

Horizon Oil seeks assurance from Kumul Petroleum its Western Pipeline proposal is viable

As Horizon Oil awaits government and regulatory approval for their mid-sized Western LNG project, CEO Brent Emmett says it is considering using Kumul Petroleum’s alternative pipeline proposal, but wants assurances the pipeline is viable before committing.

In brief: Newcrest Mining reports drop in gold production and other business stories

Newcrest Mining reports drop in gold production, claims tourism can make strong contribution to Papua New Guinea economy and reports that foreign exchange shortage improving. Your weekly digest of the latest business news.

People moves: Horizon Oil

Changes at Horizon Oil.

In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories

Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

People moves: Horizon Oil, RAMSI

Horizon Oil Chairman stepping down, a new Special Co-Ordinator for RAMSI

In brief: Total to lead Elk-Antelope gas development, and other business stories

Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.