Last week’s revised gas agreement between the Papua New Guinea Government and the developers of the Papua LNG project sets a 15 December ‘drop-dead’ deadline for a final investment decision. Business Advantage PNG examines why the agreement was revised, what it means for the project’s ownership structure, and what steps remain to reach FID.
Papua New Guinea’s 2026 National Budget, delivered last week, outlines record government spending, while keeping PNG on track to achieve a budget surplus by 2027. It also shifts the narrative “towards opportunity”, as one expert notes, with investments in key development priorities. We take a closer look at the implications for business.
New CEO for Hardware Haus Ltd, succession move at Steamships, and government ministerial appointments