In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories

Welcome,

PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.

Talisman Energy prepares to drill at Papua New Guinea’s Stanley gas project

Welcome,

Despite a takeover of its Canadian parent by Spanish energy company, Respol, it’s business as usual for Talisman Energy PNG as it develops the Stanley gas field. Vice President and General Manager Grant Christie explains to Business Advantage PNG what 2015 holds.

High interest rates a hurdle for investors, says Nambawan Super, and other business stories

Welcome,

Call for government to lower interest rates, inflation rises and Air Niugini reduces fuel surcharge. Your weekly digest of the latest business news.

In brief: Cabinet considers Ramu Valley as a ‘Special Economic Zone’ for agriculture and other business stories

Welcome,

Cabinet considers a plan to turn the lush Ramu Valley into a Special Economic Zone, Microbank aims at 50,000 customers and Nambawan Super’s overseas investments down 20 per cent. Your weekly digest of the latest business news.

In brief: Government to deliver military infrastructure upgrades, and other business stories

Welcome,

The PNG Government plans to rebuild the country’s military barracks by 2017, InterOil halts drilling at Wahoo-1, and Bank of South Pacific plans share buyback. Your weekly digest of the latest business news.

In brief: Papua New Guinea Prime Minister respects court’s decision on arrest warrant and other stories

Welcome,

Prime Minister O’Neill to respect court’s decision, Bougainville Copper assesses draft mining bill, and Papua Mining raises exploration funds. Your weekly digest of the latest business news.

In brief: Papua New Guinea Treasurer says banks’ kina trading range too high and other stories

Welcome,

Banks trading ‘well and above’ preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.

In brief: O’Neill seeking review of Ombudsman’s order to freeze Oil Search loan deal, and other business stories

Welcome,

O’Neill seeks judicial review of Ombudsman’s direction to freeze loan for Oil Search shares, Treasurer predicts annual K10 billion boost from LNG, and food labelling must now be in English. Your weekly digest of the latest business news.

ROC Oil determined to enter Papua New Guinea with Horizon merger

Welcome,

Australia’s ROC Oil is pushing ahead with its move into Papua New Guinea through a merger with Horizon Oil, one of the companies behind the Stanley gas project in Western Province.

Stanley gas project targets production in 2016

Welcome,

After a two-year wait for government approval, the Stanley gas project joint venture is about to enter its construction phase. There’s also a second, even bigger, project in the offing, according to Horizon Oil’s senior representative in Papua New Guinea.