Total aiming to start Papua LNG production in 2022/23, says Blanchard

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Philippe Blanchard, Managing Director of Total E&P PNG – operator of the Papua LNG project – tells Business Advantage PNG that production for the project is expected to begin in 2022/2023. He says Total is using local labour and companies as much as possible.

Oil Search’s InterOil acquisition to consolidate company as regional player in oil and gas

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Oil Search, Papua New Guinea’s biggest company and largest non-government employer, looks set to consolidate its position as a major player in the Asia Pacific oil and gas market with its $US2.2 billion purchase of InterOil. Chief Executive of Oil Search, Peter Botten, says it will allow the company to be ‘hugely influential in the further development of our world class PNG LNG and Papua LNG assets.’

Papua LNG project to have ‘similar impact’ on Papua New Guinea to PNG LNG: InterOil CEO

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With the PNG LNG project now in production, all eyes are on Papua New Guinea’s next likely gas project: Papua LNG. InterOil Corporation has been with the project, based on the Elk-Antelope gas fields in Gulf Province, since its inception. Chief Executive Officer Michael Hession tells Business Advantage PNG why the project is still promising, even in a time of low global gas prices.

In brief: Papua New Guinea to issue visas on arrival from next year for Australian tourists, but not business people, and other business stories

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Visas on arrival to be available for Australian tourists, Morobe Governor to suspend trading licences for shops using street vendors, and corruption cases net K25 million for government coffers. Your weekly digest of the latest business news.

In brief: Treasurer says Papua New Guinea government showing responsible fiscal management, and other business stories

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Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. Your weekly digest of the latest business news.

People moves: InterOil, Steamships

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A new Executive Vice-President and a new board member at InterOil, and Steamships appoints a new Non-Executive Director.

In brief: Papua New Guinea Government may review petrol supply regime, and other business stories

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O’Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.

In brief: Highlands Pacific makes nickel discovery at Sewa Bay, and other business stories

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Sewa Bay shows potential for Highlands Pacific, El Nino weather conditions to continue into 2016, and import ban on fruit and vegetables. Your weekly digest of the latest business news.

Selecting sites for second Papua New Guinea LNG plant ‘difficult’, says Total’s Philippe Blanchard

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The selection of the two key sites to develop Papua New Guinea’s Elk Antelope LNG fields was a difficult task, requiring a full set of studies to reach a decision, according to Philippe Blanchard, the Managing Director of Total PNG, the lead operator of the project.

Papua New Guinea’s second LNG processing site to be located near first LNG site

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The partners in Papua New Guinea’s second LNG plant have chosen Caution Bay as the processing site for the Elk-Antelope project, paving the way for close cooperation with the nearby ExxonMobil PNG LNG venture.