LNG price volatility and what it means for Papua New Guinea

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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.

People Moves: National Housing Corporation, Gas Resources PNG LNG Pipeline Limited

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The National Housing Corporation appoints a new Board Chairman and Gas Resources PNG LNG elects a Director of the Board.

New players set to almost double Port Moresby’s power generation capacity

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Port Moresby’s electricity generation capacity is set to almost double, with the advent of two new independent power producers, Dirio Gas & Power and NiuPower. For the first time,  gas will be used for domestic power supply in Papua New Guinea—but challenges remain.

In Brief: Papua New Guinea reaffirms its commitment to the development of the petroleum and energy sectors and other business stories

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In Brief: Papua New Guinea’s government reaffirms its commitment to the development of the petroleum and energy sectors and other business stories

Papua New Guinea’s gas will be in strong demand says resource analyst

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Demand from the Asian region for natural gas will ensure that Papua New Guinea’s LNG industry remains robust in the medium term, David Lennox, xxz tells Business Advantage PNG. He says growing tensions about trade barriers may be beneficial for the country.

In brief: Leading banker calls for more foreign exchange injection, and other business stories

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BSP wants another US$100-200m foreign exchange injection, Air Niugini expects local business benefits from Rugby League games, and gold refinery to expand. Your weekly digest of the latest business news.

How an SME uses Bank South Pacific technology to cook with gas

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Developing name recognition is essential to businesses at any level. That is what Helen Victor, owner of Zoenani Gas Supplies, has achieved—with the help of Bank South Pacific’s Smart Business start up package. When her customers see her coming, they say: ‘Here comes the Gas Lady.’ The familiarity has been crucial.

In brief: Oil Search fends off takeover offer after Woodside shelves bid, and other business stories

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Woodside drops takeover bid for Oil Search, coffee pulper machine installed for smallholders in Jiwaka Province, and market conditions force Hides Gas Development Company to cut workforce. Your weekly digest of the latest business news.

Papua New Guinea Business Council members concerned at lack of foreign currency

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The President of the Australia–Papua New Guinea Business Council says his members have expressed concern to Prime Minister they are unable to source enough foreign currency.

In brief: the first stage of Lae’s port upgrade is completed, and other business stories

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Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.