Will Papua New Guinea slip to the back of the LNG queue?

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The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.

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In brief: World Bank releases new economic outlook for Papua New Guinea and other business stories

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The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week. Resources Patrick Pouyanne, CEO of the French oil and gas company Total, has said that ExxonMobil and PNG need […]

P’nyang project cost competitive and still likely to go ahead, say analysts

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What is likely to happen with the P’nyang gas project? Resources analysts say that it is cost competitive in world terms, and examine some of the options that the players have.

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Prime Minister Marape confident of a ‘five train’ LNG future in Papua New Guinea

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As talks between ExxonMobil and Papua New Guinea’s State Negotiating Team over the P’nyang gas project reach their nominated ‘walk away’ deadline today, the Prime Minister, James Marape, has said he is confident that LNG will help underpin economic growth in the country for the next decade.

In brief: new export tax levy could break the forestry industry and other business stories

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Forestry industry says new export tax levy could spell the end, Wafi-Golpu Joint Venture to lay off employees and P’nyang negotiations edge towards deadline. The business news you need to kick-start your week.

Papua New Guinea government sets ‘walk away’ date for P’nyang negotiations

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ExxonMobil and the government-appointed State Negotiating Team have until the end of January to negotiate an agreement for the P’nyang gas project, says Minister for Petroleum.

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The LNG window is closing, warns Oil Search CEO

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As Papua New Guinea awaits the outcome of ongoing negotiations over the P’nyang gas field, Peter Botten, CEO of PNG’s largest company, Oil Search, has hinted that time may be running out to reach an agreement.

Boardroom briefing: ExxonMobil to sell assets, tourism workforce and the effects of working abroad

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ExxonMobil gets ready to sell assets, a more skilled tourism workforce for the Pacific Islands, and how working abroad affects you. Readings from around the world on business, leadership and management.

Gas and petroleum in Papua New Guinea: a sector profile

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A profile of the gas and petroleum sector in Papua New Guinea, including information on licensing and taxation, key players and major projects.

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In brief: Parliament passes 10 Papua LNG Project Amendment Bills and other business stories

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Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P’nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. Your weekly digest of business news.