Exclusive: Kerenga Kua on Papua New Guinea’s planned petroleum and gas reforms

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Papua New Guinea is planning to move to a production sharing regime for petroleum and gas by the middle of the decade. Business Advantage PNG caught up with Minister for Petroleum Kerenga Kua, to better understand why the reforms are happening, and what industry can expect.

In brief: Papua New Guinea’s BSP approved for ASX listing and other business stories

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BSP Financial Group Limited receives approval to list on the ASX; a new State Negotiating team to be reappointed to the P’nyang gas project, and Joint post-referendum talks between government and Bougainville fruitful. The business news in brief.

Harder than expected: introducing Papua New Guinea’s new resources laws

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The Marape government’s proposed introduction of a new Organic Law for mining, and oil and gas projects will do away with Papua New Guinea’s ‘robust’ legal regime, according to Vaughan Mills, Head of PNG Practice for Corrs, Chambers Westgarth.

Government and industry debate the future of Papua New Guinea’s resources sector

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When it comes to Papua New Guinea’s resources sector, the government wants a better share of the rewards, but the industry is warning that the country is becoming a less attractive destination for investment.

In brief: good news for Wafi-Golpu and other business stories

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Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.

Exclusive: Wera Mori on foreign investment and special economic zones in Papua New Guinea

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In an exclusive interview held at the 2019 Business Advantage Papua New Guinea Investment Conference, Papua New Guinea’s Minister for Commerce and Industry, Wera Mori, tells Business Advantage International’s Publishing Director Andrew Wilkins it’s time for PNG to extend its economic base.