US$10 billion Papua LNG project to go ‘full steam ahead’ in Papua New Guinea

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Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.

In brief: Papua New Guinea team in Singapore to discuss Papua LNG and other business stories

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Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea’s Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.

Papua New Guinea government to ‘stand behind’ Papua LNG gas agreement

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Papua New Guinea’s Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG’s cabinet) has ‘in principle’ agreed to ‘stand behind’ the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.

In brief: Papua New Guinea could renegotiate the terms of Papua LNG and other business stories

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Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.

Papua LNG head talks exclusively about the future of the project

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With the signing of the Papua LNG gas agreement with Papua New Guinea’s government imminent, Managing Director of Total PNG Ltd, Jean-Marc Noiray, shares his thoughts on the US$10 billion Papua LNG project with Business Advantage PNG.

Date announced for Papua LNG gas agreement in Papua New Guinea

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Papua New Guinea’s Prime Minister Peter O’Neill has announced a date for the signing of the gas agreement for the US$13 billion Papua LNG project. Opening the PNG Petroleum and Energy Summit in Port Moresby yesterday, he also outlined some of the key elements the agreement will contain.

In brief: Silencing Facebook, and other business stories

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When social media gets shut down; what next for Total; and a proposed merger of  two seafood companies. Your weekly digest of the latest business news.

Six questions for Philippe Blanchard, Managing Director, Total E&P PNG

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Papua New Guinea’s second LNG plant is expected to be ready by 2023-2024, according to Total Managing Director, Philippe Blanchard. He told Business Advantage PNG the company is also keeping its eyes open for other energy plants in PNG.

Economic update: major projects will be crucial for Papua New Guinea’s economy

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The fate of some major projects will be critical for the future of the Papua New Guinea economy over the next decade. In the second of a two-part series, Andrew Wilkins discusses the implications.

In brief: KPH and Total to market LNG sales jointly, and other business stories

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Joint venture to sell Papua LNG output, Second mining lease issued in Bougainville, Cabinet approves Ramu Two project. Your weekly digest of the latest business news.