LNG price volatility and what it means for Papua New Guinea

Welcome,

Papua New Guinea must ensure that it is at the front of the ‘queue’ in its LNG projects if it is to adapt to future volatility, according to Dr Fereidun Fesharaki, Founder and Chairman of the oil and gas consulting group Facts Global Energy (FGE). He predicts huge shifts in the oil and gas markets.

Oil prices continue to rise, but LNG prices sharply down: a monthly review of Papua New Guinea’s commodity and financial markets

Welcome,

Oil prices have strengthened, but LNG prices have come off sharply. Copper has eased slightly. Business Advantage PNG’s monthly overview of commodity and financial markets.

Drop in new LNG capacity and surging China demand will benefit Papua New Guinea

Welcome,

The global gas market is set to surge, according to Justin Smirk, Senior Economist at Westpac. He told a recent Port Moresby Chamber of Commerce and Industry meeting that Papua New Guinea is well placed to benefit.

Papua New Guinea’s LNG capacity could double, says ExxonMobil SVP

Welcome,

Neil Chapman, Senior Vice President of ExxonMobil, told the APEC CEO Summit earlier this month that LNG capacity in Papua New Guinea could double. He claimed the global shift to natural gas to reduce carbon emissions is favouring the industry.

In Brief: O’Neill urges Papua New Guinea to produce ‘more high-quality exports’, and other business stories

Welcome,

More high-quality exports needed for PNG, new approaches will assist PNG in meeting energy demand, and Japan’s Pan Pacific expects copper recovery. Your weekly digest of the latest business news.

InterOil win clears way for Total’s participation in Papua New Guinea’s Elk/Antelope gas project

Welcome,

The International Court of Arbitration of the International Chamber of Commerce yesterday dismissed Oil Search’s claims over 40% of the Elk-Antelope gas field in Papua New Guinea’s Gulf Province.

What we’ve learned in Papua New Guinea: ExxonMobil’s departing MD reflects

Welcome,

With construction and first shipment of gas completed ahead of time, the giant ExxonMobil-led PNG LNG project has proven Papua New Guinea is a viable place to carry out major resources projects. In this exclusive valedictory interview with Business Advantage PNG, outgoing ExxonMobil PNG Managing Director Peter Graham reflects on the lessons learned.

Elk/Antelope gas fields: what’s really going on?

Welcome,

The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.

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

Welcome,

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?

People moves: LNG Energy and InterOil

Welcome,

An interim MD for the PNGSDP and a new CFO for LNG Energy