New negotiations, new laws: Kumul Petroleum’s MD says oil and gas sector is looking ‘much stronger’

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Wapu Sonk, Managing Director of Kumul Petroleum, says that Papua New Guinea’s oil and gas sector is looking ‘much stronger’ with the Papua LNG project set to have its final investment decision in 2023. But, he told the 2021 Business Advantage PNG Investment Conference, that proposed changes to the country’s oil and gas law have been delayed.

In brief: Papua New Guinea’s Prime Minister talks about Wafi-Golpu and other business stories

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Air Niugini announces restrictions to travel to Sydney, Prime Minister Marape says Wafi-Golpu could be expected in December and Twinza Oil gets an ultimatum. The business new you need today.

Revised Pasca A agreement a ‘setback to investor confidence,’ says Twinza Oil

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The progress of Twinza Oil’s US$2.4 billion (K8.42 billion) Pasca A offshore gas project in Papua New Guinea has again stalled, following a draft gas agreement from the government which the developer claims ‘bears no resemblance’ to the terms it agreed last month.