Blast from the past: Papua New Guinea’s economy in 2020

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The year 2020 looks like being a watershed year for Papua New Guinea, with a number of transformative projects awaiting the green light and a new government seeking to implement an ambitious agenda.

P’nyang project cost competitive and still likely to go ahead, say analysts

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What is likely to happen with the P’nyang gas project? Resources analysts say that it is cost competitive in world terms, and examine some of the options that the players have.

Prime Minister Marape confident of a ‘five train’ LNG future in Papua New Guinea

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As talks between ExxonMobil and Papua New Guinea’s State Negotiating Team over the P’nyang gas project reach their nominated ‘walk away’ deadline today, the Prime Minister, James Marape, has said he is confident that LNG will help underpin economic growth in the country for the next decade.

The LNG window is closing, warns Oil Search CEO

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As Papua New Guinea awaits the outcome of ongoing negotiations over the P’nyang gas field, Peter Botten, CEO of PNG’s largest company, Oil Search, has hinted that time may be running out to reach an agreement.

2019: the year in review for Papua New Guinea business

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A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.

New rules, more independence: Kumul Petroleum’s future

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Papua New Guinea is set to introduce new rules for petroleum licenses, according to Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk. In this exclusive interview, he tells Business Advantage PNG the state-owned oil and gas company is about to undergo a transformational change.

Gas and petroleum in Papua New Guinea: a sector profile

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A profile of the gas and petroleum sector in Papua New Guinea, including information on licensing and taxation, key players and major projects.

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In brief: Parliament passes 10 Papua LNG Project Amendment Bills and other business stories

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Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P’nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. Your weekly digest of business news.

US$10 billion Papua LNG project to go ‘full steam ahead’ in Papua New Guinea

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Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.

Papua New Guinea’s growth depends on Papua LNG going ahead, says S&P

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In an exclusive interview with Business Advantage PNG, ratings analyst Rebecca Hrvatin, says PNG’s fiscal imbalances will improve—provided the Papua LNG project continues as planned.