“As Papua New Guinea’s only significant gas development currently under construction, we expect Angore to bring on additional gas volumes later this year to supplement the existing PNG LNG gas production,” Tera Shandro, Chairperson and Managing Director at ExxonMobil Papua New Guinea, tellsBusin...
According to the National Budget, delivered last December, Papua New Guinea’s economy is expected to grow by 4.0 per cent in 2023, with non-resources and resources growth at 4.6 per cent and 2.0 per cent respectively. For context, the Asian Development Bank’s latestPacific Economic Mo...
26 July 2006:A new report has found that commercial forestry is a consistent contributor to growth in Papua New Guinea and could play a larger role in development in the future.The Economic Importance of the Forestry Industry to Papua New Guinea, produced by ITS Global, marks a first attempt...
The program had been on pause for 23 years after it was found to severely propagate and to accelerate the Papuan independence movement in the western half of the New Guinea that has been under Indonesian control since October 1962 following the exodus of Dutch colonists. "We want Papua to be...
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.
With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country's business leaders about the year ahead.
Ground has been broken at the Ihu Special Economic Zone (ISEZ) in Papua New Guinea's Gulf Province. Project Director Peter KenGemar says companies are already contemplating a move into the zone to take advantage of generous incentives.
The World Bank has released its economic update on Papua New Guinea, superannuation funds reject bank levy, and SNT Chair says Porgera will reopen next month. The business news you need today. Detail of the Grand Papua Hotel in Port Moresby. Credit: Steamships...
Papua New Guinea’s 2022 National Budget focuses on health, growth and reducing its deficit by 2027, but can this be achieved? Economists Stephen Howes and Kelly Samof consider the evidence. Credit: DFAT/Flickr In recent years, PNG has been running record deficits. In 2019, even before CO...
The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage - the last major stage before the $US10 billion project is given a green light. We look at what happens next.