Santos has acquired a 13.5 per cent interest in the P’nyang natural gas field in the PNG LNG project in Papua New Guinea. Analysts are generally bullish on the move, saying the company now has a strong balance sheet and is set to meet its production targets.
Santos to become a stakeholder in the P’nyang natural gas field project
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22 May 2019 by Leave a Comment
In Brief: signing of the Papua LNG project agreement deferred and other business stories
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8 Apr 2019 by Leave a Comment
The signing of the Papua LNG project deferred, PNG LNG signs Singapore deal, and Minister flags new Mining Act. Your weekly digest of the latest business news.
Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor
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29 Jan 2019 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
Prime Minister gives upbeat take on Papua New Guinea’s economy
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7 Aug 2018 by 1 Comment
The Prime Minister, Peter O’Neill, speaking at Business Advantage Papua New Guinea Investment Conference in Brisbane, said the mid-year assessment of the economy was better than anticipated. He said the growing investment interest in the Pacific from China, Australia and the United States is ‘healthy’.
Industry collaboration and government help crucial for Western Province gas, says Repsol chief
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2 May 2017 by Leave a Comment
Cross-industry collaboration and help from the Papua New Guinea government are required to get the most out of the gas in Western Province, David Lester, Chief Office Representative for Repsol PNG tells Business Advantage PNG.
In brief: Further delay in start of Pacific Marine Industrial Zone, and other business stories
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31 Jan 2017 by Leave a Comment
China wants extra loan to fund PMIZ, unions concerned about housing tax on employees, Bank PNG questions accuracy of IMF economic report. Your weekly digest of the latest business news.
In brief: Papua New Guinea ready to market sovereign bonds says Treasury Secretary, and other business stories
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2 Nov 2016 by 1 Comment
Papua New Guinea ready to seek sovereign bond funds, Air Niugini affected by economic slowdown, Qantas begins daily Brisbane-Port Moresby service. Your weekly digest of the latest business news.
In brief: BSP in joint venture with Kumul to expand insurance subsidiary, and other business stories
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24 Aug 2016 by Leave a Comment
A new insurance joint venture, an ultimatum on corned beef trade ban, plans to limit rice imports. Your weekly digest of the latest business news.
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