In brief: Papua LNG scheduled to commence in 2027 and other business stories

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Total E&P’s MD outlines Papua LNG schedule, the Internal Revenue Commission signs Memorandum of Agreement with the SME Corporation and Air Niugini to resume services to Sydney. The business news you need today.

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.

ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations

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After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P’nyang gas project.

Santos and Oil Search agree terms for merger: what’s next?

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The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?

Forum hears of challenging business conditions in Papua New Guinea

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The Australia–Papua New Guinea Business Council is holding its 36th business forum and trade expo this week in Brisbane. Business Advantage PNG reports from the event, which is both a physical and online event this year.

Landmark agreement: Papua New Guinea increases its stake in future LNG exploration projects with Total

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Kumul Petroleum has announced that the PNG government has negotiated an additional seven per cent equity with future joint venture projects with Total after ‘remobilisation talks’ regarding the Papua LNG project in Paris last week.

Vive le gaz! Total and Papua New Guinea ‘remobilise’ Papua LNG

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There are signs of a renewed effort to push ahead on the Total-led Papua LNG project after successful meetings between the company’s CEO and a senior government delegation.

Papua New Guinea’s ‘public health emergency’ a continued challenge, says Oil Search MD

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Having emerged from the ‘most challenging’ year in its 92-year history, Oil Search Ltd is now facing an escalation of COVID-19 infections in Papua New Guinea. In spite of this, shareholders at its annual general meeting were told PNG’s largest company is ‘coming through the challenges well’.

Oil Search’s MD talks about the next wave of gas projects in Papua New Guinea

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Oil Search is a key partner in the next wave of gas projects in Papua New Guinea but has faced a tough year. Business Advantage PNG speaks with Managing Director Dr Keiran Wulff on the company’s future in PNG and the rich potential of its gas reserves.

The P’nyang effect: Fitch downgrades Papua New Guinea’s LNG export projections

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The delaying of negotiations over ExxonMobil’s proposed plan to develop the P’nyang gas field has led analyst Fitch Solutions to downgrade Papua New Guinea’s LNG export projections.