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.

In brief: Papua New Guinea’s BSP approved for ASX listing and other business stories

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BSP Financial Group Limited receives approval to list on the ASX; a new State Negotiating team to be reappointed to the P’nyang gas project, and Joint post-referendum talks between government and Bougainville fruitful. The business news in brief.

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.

New laws, new projects, new power: Kumul Petroleum’s MD on Papua New Guinea’s petroleum and gas future

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In this exclusive interview, Wapu Sonk, Managing Director of Kumul Petroleum Holdings, looks ahead to the next decade of Papua New Guinea’s petroleum and gas sector.

Total expected ‘shortly’ in Papua New Guinea to advance Papua LNG, says Kumul Petroleum MD

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The signing of a fiscal stability agreement between Papua New Guinea and French oil major Total looks set to trigger the FEED phase of the multi-billion dollar Papua LNG project. Wapu Sonk, Managing Director of national oil company Kumul Petroleum, tells Business Advantage PNG the signing is expected within the next two weeks.

Oil Search tightens the purse strings and focuses on Papua LNG

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Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.

Fair share? Papua New Guinea’s move to production sharing in resource projects questioned

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The Papua New Guinea government’s proposal to move to production sharing agreements in resource projects may not solve the government’s financial problems and there is a risk it will harm the country’s reputation for being a good place to invest, according to the industry itself.

Split decision: Papua New Guinea government will not consider Papua PNG and P’nyang together

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Papua New Guinea’s Prime Minister, James Marape, has insisted that the country’s proposed LNG projects, Papua LNG and P’nyang, will be dealt with as separate projects.

In brief: World Bank anticipates drop in exports for Papua New Guinea and other business stories

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The World Bank predicts lower export revenue for Papua New Guinea, fuel prices set to fall, and retailer appeals for calm. The business news you need to kickstart your week.