PNG LNG is about more than developing the gas resources of Papua New Guinea it's also about developing people and capacity, and creating and delivering long-term benefits to local communities. Home /Community Community We understand the importance of working with the community, particularly within...
final investment decision on its PNG LNG project, with significant strides also being made on expansion opportunities.People and equipment are on the ground in Papua New Guinea with improvements being made around fields and camp locations, with hundreds of jobs already being generated in the nation...
PNG LNG, operated by ExxonMobil affiliate ExxonMobil PNG Limited, is expected to produce more than 9 trillion cubic feet of gas over its estimated 30 years of operations. The first cargo is bound for LNG customer Tokyo Electric Power Co. Inc. (TEPCO) in Japan. Production from the first tr...
with companies preparing to ramp up hiring and investment to meet an expected flood of demand for workers and equipment during Papua LNG’s four-year construction phase. It is expected provide 10,000 to 12,000 jobs during the peak of its construction phase. ...
ANZ Bank expects the kina to rise above US$0.35 from early 2020, Ramu 2 hydropower project to commence next March, and security preparations for APEC step up. Your weekly digest of the latest business news. The start of the PNG LNG expansion, the Train Three ...
LB, BPNGThe LNG project is starting to pay taxes and dividends, but the funds they pay into the tax coffers won’t start to peak until 2021 or 2022. That’s when the money will start to really flow into our new sovereign wealth fund (SWF). We wi...
They made the labor market more flexible by modifying rules for working short hours, raising the income limit for mini-jobs, and reducing nonwage labor costs. The consolidation of longer-term unemployment ben- efits and welfare payments reduced benefits, which increased the incentive to search ...
final investment decision on its PNG LNG project, with significant strides also being made on expansion opportunities.People and equipment are on the ground in Papua New Guinea with improvements being made around fields and camp locations, with hundreds of jobs already being generated in the nation...
LNG availability has the potential to influence prices for PNG, ‘but where PNG has an advantage is that its gas is wet’, meaning it contains compounds like butane and methane which can be separated and sold on their own. The project will see 7,900 square kilometres of Western Province’...
“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...