In this bulletin:
- UN— UN Climate Chief Stiell warns fossil fuel crisis shows urgent need for clean energy transition
- PNG — PNG Cabinet yet to decide on Chief Justice referral
- PACIFIC — One-of-a-kind dive training combatting maritime threats in the Pacific
- PNG — NCDs becoming major killer in PNG
- NAURU — Nauru secures land for new Presidential residence after 20-year gap
- SOL — PM Wale to undertake reassurance visit To TC Maila-affected Communities in Western and Choiseul Provinces
- TONGA — Tonga calls for shared global health action at World Health Assembly
- PACNEWS BIZ — Australia, NZ and Tonga complete second international Cable link
- PACNEWS BIZ — MV Tuitui Moana Commissioned, strengthening lifeline shipping across the Pa Enua
- PACNEWS BIZ — Solomon Islands PM Wale signals stronger Policy direction on mining and economic issues
- PACNEWS BIZ — Santos CEO Kevin Gallagher targets Alaska and PNG amid domestic policy doubts
- PACNEWS IN FOCUS — Wars and geopolitical divisions constitute ‘dangerous erosion’ of world order, warns UN chief
- PACNEWS DIGEST — GEF Councils to prepare for last sprint to 2030
UN – CLIMATE CHANG: PACNEWS PACNEWS 2: Wed 27 May 2026
UN Climate Chief Stiell warns fossil fuel crisis shows urgent need for clean energy transition
COPENHAGEN, 27 MAY 2026 (PACNEWS) — UN Climate Change Executive Secretary Simon Stiell says the Middle East conflict and rising fossil fuel costs have exposed the urgent need for countries to speed up the global clean energy transition and strengthen climate action this decade.
Speaking during the closing segment of the Copenhagen Climate Ministerial last week, Stiell said the world was facing growing climate and economic pressures at a critical moment for the Paris Agreement goals.
“This is another crucial year in a crucial decade for climate action.
“The Middle East conflict has ignited a fossil fuel cost crisis.
“Demonstrating that the clean energy transition offers economic stability and energy security,” he said.
Stiell warned that climate risks were increasingly shaping politics around the world and said governments must act quickly to keep the 1.5 degrees Celsius target alive.
“We must harness the momentum to make this year, and this decade count. To get on track for 1.5 degrees – and all our Paris goals,” he said.
He said countries had clear climate targets on finance, mitigation and adaptation for 2030 and 2035 and must show progress before the next global stocktake at COP33.
“By the time we meet at COP33 for the second global stocktake, we must be closer to meeting them,” he said.
Stiell said major progress was needed at the June climate talks in Bonn ahead of COP31.
“We must make maximum progress at the June Climate meetings in Bonn.
“So that we come to COP31 ready to advance and deliver outcomes,” he said.
He said climate negotiations must now focus more heavily on delivering practical economic action.
“We must focus on driving real economy action – faster,” he said.
“Elevating the Action Agenda in our process so that it takes centre-stage complementary to the negotiations.”
Stiell identified investment in electricity grids and electrification, methane reduction, resilient cities and food security as key priorities this year.
He also stressed the importance of climate finance, saying the global roadmap to mobilise US$1.3 trillion must become reality.
“Alongside developed countries’ finance obligations, the Action Agenda can play a vital role in delivering the roadmap to US$1.3 trillion – which must become a reality,” he said.
Stiell also highlighted the role of Australia in future climate negotiations.
“And we are keenly watching developments on the COP30 Presidency Roadmaps, and importantly how our Australian friends will steward us on delivering on our major negotiated outcomes, such as Just Transition, and generating political momentum and resolving unnecessary long-standing issues such as access to finance.”
He urged ambitious countries to push climate action further and faster, even when consensus is difficult.
“Over these vital years, we also need the most ambitious among you taking the lead – coming together to make progress further and faster than consensus allows.
“The world will follow. And you will reap the rewards,” said Stiell…. PACNEWS
PNG – CHIEF JUSTICE: NBC NEWS PNG PACNEWS 2: Wed 27 May 2026
PNG Cabinet yet to decide on Chief Justice referral
PORT MORESBY, 27 MAY 2026 (NBC PNG) — Papua New Guinea Chief Secretary to Government Ivan Pomaleu has been tasked to review the process surrounding the referral of Chief Justice Sir Gibbs Salika to the National Executive Council by the Ombudsman Commission.
Prime Minister James Marape confirmed that Cabinet has yet to meet to deliberate on the sensitive matter, stressing that the Government is approaching the issue with caution and respect for the Constitution and the independence of the judiciary.
“It’s a matter we’re handling very diligently. We don’t want to rush,” Marape said.
The Prime Minister described the case as unprecedented, noting that both the Office of the Chief Justice and the Office of the Prime Minister are equal constitutional offices within government.
“This is an unprecedented matter, and as equal heads of government, we are treating it very carefully and diligently,” he said.
Marape also revealed that the State Solicitor has been asked to provide legal advice following what he described as a conclusive finding by an equally important constitutional office.
“An equally important constitutional office in the Public Prosecutor has made a conclusive finding, and so we asked the State Solicitor to look into this matter. Advice is due and pending,” he said.
He added that once the legal advice is received, Cabinet will determine what powers it has under the law and decide on the next course of action.
“As soon as the advice comes, we will look at firstly what power Cabinet has and what Cabinet can do, and then we’ll finalise the process,” Marape said…. PACNEWS
PAC – MARITIME THREATS: AFP PACNEWS 2: Wed 27 May 2026
One-of-a-kind dive training combatting maritime threats in the Pacific
PAPE’ETE, 27 MAY 2026 (AFP) — The Australian Federal Police (AFP) and French Armed Forces in French Polynesia (FAPF) have joined forces to deliver specialised training to Kiribati police divers to help combat maritime threats, particularly illicit drug trafficking in the Pacific.
Twelve members from Kiribati Maritime Police travelled to Tahiti in French Polynesia for an Investigative Diving Team course focused on boosting counter narcotics operations by using underwater inspection techniques to detect illicit cargo.
The FAPF led the training, with two AFP diving instructors on hand to share their expertise. The AFP also provided financial and logistical support, including handing over new specialised equipment to the Kiribati divers.
Participants in the two-week course gained their Professional Association of Diving Instructors (PADI) open water diver certification, which involved eight dives focusing on observation exercises on aircraft wrecks.
They also took part in operational reinforcement training, with 10 dives including evidence search exercises and a nautical challenge at the Papeete naval base.
The Kiribati divers will use their new skills to detect illicit cargo, undertake maritime police missions including search and rescue operations, and maintain port infrastructure through underwater technical interventions to support maritime activity.
There are also plans for future, more advanced dive courses to be delivered and extended to other Pacific nations.
AFP Detective Superintendent Grant Liddy said the partnership between Australia, France, and Kiribati strengthened the response to common maritime threats, especially drug trafficking.
“Collaboration is now more important than ever, especially with the ever-increasing threat of serious organised crime impacting the Pacific region,” Detective Superintendent Liddy said.
“Training such as this dive course gives our Pacific partners the necessary skills to further target and disrupt serious organised crime.
“The AFP is proud to share our knowledge and experience with our Pacific neighbours.”
FAPF Rear Admiral Guillaume Pinget said the pioneering training program, hosted in Tahiti under the Pacific Academy, marked a landmark achievement for maritime security in the South Pacific.
“It underscores the deepening collaboration between France, Australia, and Pacific island nations as we work together to establish a resilient regional security framework,” Rear Admiral Pinget said.
“The engagement of 12 Kiribati police officers highlights our neighbours’ commitment to this initiative, which integrates advanced field-tested instruction, cutting-edge tactical equipment and hands-on operational engagement.
“We take pride in this programme’s role in strengthening regional bonds and cultivating a robust security network in the Pacific, said Pinget…. PACNEWS
PNG – HEALTH: NBC PNG PACNEWS 2: Wed 27 May 2026
NCDs becoming major killer in PNG
PORT MORESBY, 27 MAY 2026 (NBC PNG) — Non-Communicable Diseases (NCDs) are silently becoming one of Papua New Guinea’s biggest killers, with increasing numbers of people dying from heart disease, diabetes, and high blood pressure from as young as 25 years old.
The growing concern, now described as an endemic, was highlighted during a recent awareness session by Dr Simeon Adiunegiya, a Public Health Medical Officer at the Western Highlands Provincial Health Authority (WHPHA).
He revealed that Non-Communicable Diseases, also known as NCDs, are now claiming more lives in the country after the age of 25.
Dr Simeon said many Papua New Guineans remain unaware they are living with these conditions until they become critically ill.
He said the Wellness Clinic at Mt Hagen Specialist Hospital was established to help identify and screen people early before complications develop.
Dr Simeon stressed that low awareness in communities continues to be one of the biggest challenges in fighting NCDs.
“People will not come for wellness checks unless there is effective awareness and outreach patrols,” Dr Adiunegiya said.
He said community outreach programs are important because they help people understand the dangers of NCDs and encourage them to seek medical help early.
“Once they understand, they can come forward, receive early diagnosis, and begin treatment immediately,” he said.
Dr Simeon also revealed that since 2024, more than 120 Village Health Assistants [VHAs] have been trained to conduct awareness in communities and refer suspected NCD cases to the Wellness Clinic.
He added that another refresher training will be conducted this year to strengthen awareness programmes and improve early detection of NCDs at the community level.
The increasing number of NCD-related illnesses and deaths is becoming a serious public health concern, especially as more young adults are being affected across the country…. PACNEWS
NAURU – PRESIDENTIAL RESIDENCE: PACNEWS PACNEWS 2: Wed 27 May 2026
Nauru secures land for new Presidential residence after 20-year gap
YAREN, 27 MAY 2026 (PACNEWS) — The Government of Nauru has secured additional land for the development of a new State House, ending more than two decades without an official residence for the country’s Head of State.
In a statement, the government confirmed that landowners of portions 104, 289 and 290 in Denigomodu District signed a 77-year land lease agreement on 25 May.
The land will support the development of the official residence of the President of Nauru and sits adjacent to land already under government lease.
The government said siblings Zaline and Detoba Detenamo, Bido Adumur, and the family of the late Handsome Adumur had unanimously agreed to the lease arrangement.
The families were described as “content in contributing to national development through their land which sits adjacent to land already under government lease, in the pursuit of progress and development of State House.”
President David Adeang thanked the families for supporting the project.
The government said there has not been an official residence for the Head of State “over two decades” for various reasons.
Engineering work and ground plans are already underway for the two-storey presidential residence.
The new State House will include a traditional “domaneb”, which the government said will serve as a dedicated space for special events and occasions that showcase heritage and culture background…. PACNEWS
PALAU – SOLAR PROJECT: PACIFIC ISLAND TIMES PACNEWS 2: Wed 27 May 2026
First solar project in Angaur completed, Palau company eyes more installations in other island states
KOROR, 27 MAY 2026 (PACIFIC ISLAND TIMES) — Palau Solar Corp. has completed its first solar panel installation at the governor’s house on Angaur Island, with more installations set to follow this year as the nation seeks to pick up speed on its shift to green energy.
The Angaur project, funded through Palau Solar’s strategic partnership with the National Development Bank of Palau, is part of the national initiative to expand solar installations beyond Koror.
“The National Development Bank of Palau shares our vision of an energy-independent Palau,” said Greg Decherong, honorary president of Palau Solar, headquarted in Airai State.
The national bank offers competitive, accessible loan products to finance residential and commercial customers, while Palau Solar provides the material and installations throughout the Pacific nation, which has set a goal is to have 100 percent renewable capacity by 2050.
“Their financing programme allows us to deploy installations, keeping costs manageable for customers. Together, we are proving that solar is not only clean but financially smart,” Decherong said.
Like all other small island states, Palau is seeking to reduce its dependence on fossil fuel.
In July 2023, officials announced that Palau reached the first 20 percent of its renewable energy goal when the Solar Pacific Energy Corp. connected to the Palau Public Utilities Corp.’s power grid.
Palau Solar said the Angaur project, collaborated with the state government, is particularly important considering that outer island residents face some of the highest energy costs and most unreliable electric supply.
“Getting solar panels over to the island was challenging but is helping ensure that all Palauans can enjoy cleaner, greener and cheaper energy,” Palau Solar said in a press release.
Palau Solar plans to continue its phased expansion to other states throughout the remainder of the year and have also recently launched solar hot water systems for homes and businesses.
On Tuesday, Palau Solar hosted a community event in Ngeremlengui State to educate residents on the benefits of solar power, demonstrate available financing through NDBP, and sign up interested homeowners for site assessments and installations.
“Whether you live in Koror, Angaur, or Ngeremlengui, you deserve access to affordable, reliable electricity. Palau Solar is delivering to every corner of the nation,” said Ross Waddington, CEO of Palau Solar.
Palau’s power rates soared in recent months due to the ongoing U.S.-Iran conflict.
“Solar offers a way out. Once installed, systems lock in lower energy costs and insulate families from volatile global fuel markets,” Palau Solar said.
Once the solar loan is repaid, customers enjoy free energy from their panels, outside of PPUC’s grid connection charges. The option to add battery storage means the captured energy can be used night and day,” it added…. PACNEWS
SOL – CYCLONE RESPONSE: INDEPTH SOLOMONS PACNEWS 2: Wed 27 May 2026
PM Wale to undertake reassurance visit To TC Maila-affected Communities in Western and Choiseul Provinces
HONIARA, 27 MAY 2206 (INDEPTH SOLOMONS) — Solomon Islands Prime Minister Mathew Cooper Wale will lead a reassurance visit to communities in Western and Choiseul Provinces from 27 to 29 May 2026, following the impacts of Tropical Cyclone Maila.
TC Maila has caused severe disruption across parts of the Solomon Islands, with Western and Choiseul Provinces among the worst affected. Post cyclone assessments confirmed damage to homes, schools, health centres, food gardens, businesses, and livelihoods, leaving many communities in urgent need of support.
The newly established Government for Reform, Empowerment, Accountability & Transformation (GREAT) under the leadership of Prime Minister Wale has placed disaster response and recovery at the centre of its priorities.
PM Wale will be accompanied by key ministers and senior officials to strengthen collaboration with provincial leadership, demonstrate the Government’s commitment, and ensure the voices of affected communities are heard.
The visit reaffirms the Government’s commitment to supporting affected provinces and communities and to ensuring that the public’s welfare and recovery remain a central priority.
It also provides an opportunity for the Prime Minister to engage directly with provincial leadership and community representatives to reinforce continuity of response and recovery efforts.
The Government’s approach extends beyond immediate relief. Working with provincial authorities, community leaders, and international partners, the GREAT Government will support the transition from emergency response to early recovery.
The focus will be on rebuilding essential services, restoring livelihoods, and laying the foundation for long-term development.
All costs for the Prime Minister’s visit are fully covered by the Australian Government through the Australian High Commission in Honiara. The program is coordinated and supported by the National Disaster Council to ensure effective delivery and oversight.
The National Disaster Council acknowledges and thanks the Australian Government for its generous support, which reflects the strong partnership and shared commitment to recovery and resilience in the Solomon Islands.
The visit is expected to reassure Provincial Premiers in Western and Choiseul that the GREAT Government is doing everything possible to support affected communities during the response and into the recovery phase.
The Prime Minister will also meet directly with impacted communities to hear their concerns and share in the moment with them…. PACNEWS
TONGA – HEALTH: TALANOAOTONGA PACNEWS 2: Wed 27 May 2026
Tonga calls for shared global health action at World Health Assembly
GENEVA, 27 MAY 2026 (TALANOAOTONGA) — The Tongan government has called for stronger international cooperation on digital health, climate resilience and primary healthcare during its address to the 79th World Health Assembly in Geneva.
Speaking on behalf of Tonga last week, Minister for Health Siaosi Sovaleni said global health challenges should be met through “shared responsibility” and equitable investment, particularly for vulnerable small island nations.
Sovaleni said reshaping global health “must be a duty shared equally by the largest nation to the smallest island”.
The annual assembly, organised by the World Health Organisation, brings together member states to discuss international health priorities, including pandemic preparedness, non-communicable diseases and climate-related health risks.
Tonga’s address focused on four key priorities: expanding digital health cooperation, securing climate-resilient health financing, strengthening the healthcare workforce, and reinforcing primary healthcare systems and NCD prevention.
Sovaleni warned that digital transformation should improve access rather than deepen inequality, stating: “Digitize access, not exclusion.”
Pacific nations have increasingly raised concerns over the health impacts of climate change, including rising disease risks, extreme weather events and pressure on fragile health systems. Regional leaders have also sought greater international funding for adaptation and resilience.
Tonga also by reaffirmed its role as an “equal partner” in global health cooperation and collective efforts toward a more secure and resilient future…. PACNEWS
PACNEWS BIZ
TONGA – SUBMARINE CABLE: AUST GOVT PACNEWS BIZ: Wed 27 May 2026
Australia, NZ and Tonga complete second international Cable link
CANBERRA NUKU’ALOFA, 27 MAY 2026 (AUST GOVT) — Australia and New Zealand joined the Kingdom of Tonga to celebrate the completion of the Tonga Hawaiki Cable Branch System, the country’s second international undersea cable.
The cable was jointly funded by Australia, through the Australian Infrastructure Financing Facility for the Pacific (AIFFP), and New Zealand.
Integral to strengthening regional resilience and security, the cable provides Tongan communities and businesses with access to a more reliable, higher-capacity network, supporting essential services and furthering social and economic growth.
The second international undersea cable will also strengthen Tonga’s disaster resilience and response by reducing the risk of network disruptions, such as those experienced in 2019 and 2022.
The 405-kilometre Tonga Hawaiki Cable is part of a broader network of undersea telecommunications cables being delivered across the Pacific supported by the AIFFP, with several projects expected to come online this year.
The trilateral partnership between Australia, Tonga and New Zealand reflects a shared commitment to delivering high-quality critical infrastructure that responds to national and regional priorities, strengthens essential services, and delivers long-term, Pacific-led solutions that enhance our region’s security.
Australian Foreign Minister Penny Wong said: “Australia is pleased to partner with Tonga and New Zealand to deliver the reliable, high-quality digital infrastructure needed to support regional economic growth, security and prosperity.
“Australia is the region’s largest development partner and a proud member of the Pacific family. Our region is stronger and more prosperous when we work in partnership to uplift and empower our economies and communities.”
Pacific Island Affairs Minister Pat Conroy said “This initiative will support businesses, industries, and jobs, and help inform, engage, and empower people. It will help to build a stronger, more united region.
“Australia, through the AIFFP, is bolstering telecommunications resilience across the Pacific to ensure communities have access to reliable digital connectivity.”
“The cable will create new opportunities for Tonga’s people and businesses, while strengthening the country’s ability to stay connected during times of disruption,” he said…. PACNEWS
COOKS/CHINA – SHIPPING: COOK ISLANDS GOVT PACNEWS BIZ: Wed 27 May 2026
MV Tuitui Moana Commissioned, strengthening lifeline shipping across the Pa Enua
WUZHOU, 27 MAY 2026 (COOK ISLANDS GOVT) — Prime Minister Mark Brown successfully completed the inauguration ceremony for the MV Tuitui Moana, the Cook Islands’ first newly built inter-island vessel in Wuzhou, China.
Initially discussed in 2023 and delivered under the 2024 Technical Agreement between the Cook Islands and China, the vessel is co-funded equally by both governments at US$1.5 million each, representing an important investment in strengthening domestic maritime transport.
Prime Minister Brown welcomed the successful completion of the vessel and the ceremony, describing it as an important milestone in the Government’s domestic shipping roadmap and a practical outcome of Cook Islands–China cooperation.
“The completion and inauguration of the MV Tuitui Moana is a significant step forward in delivering reliable and safe inter-island shipping services for our people. This vessel will strengthen connectivity, support economic resilience, and improve access for communities across our islands,” Prime Minister Brown said.
Built to serve the Pa Enua, the MV Tuitui Moana measures 43.9 metres in length, carries up to 12passengers and has a cargo capacity of 100 tonnes. The vessel is expected to arrive home in September this year and begin inter-island service shortly after.
The ceremony also celebrated 29 years of diplomatic relations between the Cook Islands and China, a partnership built on mutual respect and a shared commitment to sustainable development.
The Cook Islands delegation extends its sincere gratitude to the City of Wuzhou and the Government of the People’s Republic of China for their generous hospitality throughout the visit…. PACNEWS
SOL – MINING/ECONOMY: INDEPTH SOLOMONS PACNEWS BIZ: Wed 27 May 2026
Solomon Islands PM Wale signals stronger Policy direction on mining and economic issues
HONIARA, 27 MAY 2026 (INDEPTH SOLOMONS) — Solomon Islands Prime Minister, Matthew Cooper Wale has signalled that the Government will take a more decisive and structured policy approach in the mining sector.
The Prime Minister made the statement during a courtesy meeting with the World Bank Resident Representative, Bernard Harborne, at the Office of the Prime Minister in Honiara.
Prime Minister Wale noted that targeted reforms will be pursued to strengthen governance within the mining sector, particularly in areas where existing arrangements have not delivered the desired outcomes.
“The Government is committed to ensuring that the mining sector operates under clear, accountable and effective governance frameworks that deliver greater benefits to our people,” he said.
The Prime Minister also raised concerns regarding high tariffs imposed by some companies operating in the country, emphasising the need for fairer and more sustainable pricing structures.
“I have engaged directly with some of these companies to address these concerns and to work towards practical solutions,” he added.
Harborne acknowledged the Government’s policy direction and welcomed the focus on strengthening governance and addressing key economic challenges.
He also briefed the Prime Minister on ongoing World Bank-supported initiatives, including support to the energy sector, recovery efforts following Cyclone Maila, and progress on the Tina Hydro Project.
Harborne further conveyed his congratulations to Prime Minister Wale on his recent election.
In response, Prime Minister Wale underscored the importance of a stronger and more coordinated partnership between the World Bank and the Government to support national development priorities…. PACNEWS
PNG – LNG: AFR PACNEWS BIZ: Wed 27 May 2026
Santos CEO Kevin Gallagher targets Alaska and PNG amid domestic policy doubts
SYDNEY/PORT MORESBY, 27 MAY 2026 (AFR) — Santos chief executive Kevin Gallagher will direct more investment to the company’s oil and gas operations in Alaska and Papua New Guinea, while dialling back its allocation to some domestic projects, amid ongoing uncertainty over the government’s gas reservation policy.
In a strategy update on Tuesday, Gallagher said the turmoil in global energy markets stoked by the Middle East conflict had also prompted a stronger focus on Santos’ top-tier exporting assets and development projects that have potential to join their ranks.
Australia’s second-biggest oil and gas producer faces potential disruption from the Albanese government’s plans for a domestic gas reservation scheme, and Gallagher acknowledged it had played into Santos’ thinking as it examined its portfolio.
“These things definitely factor into how you view assets,” Gallagher said. “In terms of oil, what the Middle East has done is … it has highlighted the importance of both oil and gas in the energy mix,” he added.
Santos will cut $300 million (US$215 million) in capital investment from its existing domestic operations in the Cooper Basin in South Australia and Queensland, focusing on higher-margin areas while keeping production flat.
However, the company still sees growth potential domestically. It has ruled out the sale of its undeveloped Dorado oil field in the Bedout Basin off Western Australia and will instead explore if the region can rank among its large, core assets.
Gallagher is also enthusiastic about the giant Beetaloo basin resource in the Northern Territory. Santos’ interests in the Beetaloo could feed 10 million tonnes a year of liquefied natural gas and 50 years of gas for the domestic east coast market, the CEO said.
Santos will de-prioritise other assets such as eastern Queensland, and limit spending on its development projects in Narrabri, NSW, and in the Taroom Trough in south-east Queensland.
Morningstar analyst Mark Taylor said Santos seemed to be prioritising some high-growth projects overseas amid perceptions of a lack of government support for oil and gas development at home.
He backed Santos’ commitment to further examine the Dorado field – which could improve Australia’s self-sufficiency in oil – and the Beetaloo resource.
“That’s a great prospect and definitely needs to be explored a bit more to flesh it out,” Taylor said of the $3.2 billion (US$2.29 billion) Dorado project, which Santos put on ice in early 2025.
The refreshed strategy for Santos comes after the collapse last September of a $36 billion (US$25 billion) takeover bid from Abu Dhabi’s national oil company, which raised speculation about Gallagher’s future at the company.
It also coincides with increased pressure as a result of the proposed gas reservation scheme, which could require Santos’ GLNG gas export venture in Queensland to supply the domestic east coast market.
Gallagher said he took Prime Minister Anthony Albanese and his ministers at their word that the plan wouldn’t impact existing LNG sales contracts.
“We would view that as meaning financially or in terms of restrictions on supply,” he said. “We’ll engage on that basis and try and get it clear.”
Argonaut energy analyst Sarah Kerr said the impact on GLNG remained uncertain given apparent contradictions between how Santos and others were interpreting the proposed scheme.
Gallagher told investors at a briefing in Sydney that instability in global energy markets caused by the war in Iran had sharpened focus on energy security and reinforced the value of Santos’ asset base.
“This is not something that will go back to normal any time soon,” he said. “We are going to see stronger prices for longer than most people are expecting.”
The country’s second-biggest listed oil and gas producer has brought online two major growth projects this year: Barossa gas in the Timor Sea and the Pikka oil project in Alaska.
Barossa is due to reach full production mid-year, while Pikka should reach 80,000 barrels of oil a day in the September quarter.
Once those two fields are at full output, every US$10 a barrel that the oil price is above breakeven rates on a free cash flow basis should generate between US$550 million (AUD$767 million) and US$600 million in free cash flow every year, Santos said. (Free cash flow represents the cash a company makes from its sales activity minus its capital and operational costs.)
It is targeting a breakeven price of between U$S45 and US$50 a barrel, compared to Brent crude prices – which were trading above US$90 a barrel on Tuesday – and plans to return at least 60 percent of free cash flows to shareholders.
Santos also announced a target to reduce net debt by US$2.5 billion by 2030, cutting its annual interest bill by US$150 million.
The company’s next major project, the US$14.5 billion Papua LNG venture, was due to move into construction in the second half, Gallagher said…. PACNEWS
PACNEWS In Focus
The views expressed in PACNEWS are those of agencies contributing articles and do not necessarily those of PINA and/or PACNEWS
Wars and geopolitical divisions constitute ‘dangerous erosion’ of world order, warns UN chief
NEW YORK, 27 MAY 2026 (UN NEWS CENTRE) — The UN Charter is facing one of its gravest tests in decades, Secretary-General António Guterres told the Security Council on Tuesday, warning that wars, arms races, climate shocks and the erosion of international law are placing intense pressure on the multilateral system established to prevent a third world war.
Addressing a high-level Security Council debate convened by China, Guterres described the UN Charter as “a survival guide for humanity” but said its core principles were now under “profound strain” as geopolitical divisions deepen, and conflicts intensify across multiple regions.
“We now face the highest number of conflicts since the founding of the United Nations,” he told ministers and diplomats in the Council chamber, where more than 100 countries were expected to speak during the signature debate chaired by Chinese Foreign Minister Wang Yi, Council President for May.
The meeting comes amid growing concern over the future of multilateralism and increasing tensions among major powers over the interpretation and application of international law.
Guterres warned that “a dangerous erosion of respect for international law” was unfolding, with fundamental principles such as sovereignty, territorial integrity and the prohibition on the use of force being “challenged or ignored.”
“Violations go unanswered. Impunity is spreading,” he said.
What is the UN Charter?
The UN Charter is the founding document of the United Nations and the legal basis for the postwar international system.
It sets out the core principles governing relations between States, including sovereign equality, the peaceful settlement of disputes and the prohibition on the use of force against another State.
The Charter also established the United Nations’ six principal organs: General Assembly; Security Council; Economic and Social Council; Trusteeship Council; International Court of Justice; and the Secretariat.
Signed in San Francisco in June 1945 after the Second World War, the Charter entered into force on 24 October that year. It has been amended three times since – in 1963, 1965 and 1973.
Testing times
The Secretary-General pointed to a series of interconnected global crises that, taken together, were testing the resilience of the international system created in the aftermath of the Second World War.
Among them, he cited deepening geopolitical mistrust, accelerating military spending, artificial intelligence (AI) and autonomous weapons, attacks on human rights, widening inequality and the worsening climate crisis.
“These seven challenges are interconnected,” he said. “And they are testing the resilience of the Charter itself.”
He also warned that divisions within the Security Council are undermining its ability to respond effectively to global crises.
“Too often, this Council fails to act with unity and purpose,” he said. “When the Security Council is divided, the consequences are felt far beyond [this Chamber].”
Wars in Ukraine, Middle East and beyond
The Secretary-General referenced ongoing wars and rising tensions in Ukraine, the Middle East and Sudan, warning against further escalation.
He said he was “deeply concerned” by a recent Russian announcement that it intended to launch “consistent and systemic strikes” against Ukrainian defence targets following reports of a Ukrainian drone strike on a college building and dormitory in Starobilsk, in territory occupied by Russia.
“Now more than ever, it is imperative to avoid any escalation of a conflict that has already exacted a devastating toll on civilians,” he said.
Guterres also cited Israel’s announced expansion of operations in Lebanon, continued ceasefire violations in Gaza and uncertainty surrounding negotiations between the United States and Iran.
Worldwide arms race
Beyond the conflicts, the Secretary-General warned of what he described as a destabilising global arms race unfolding alongside cuts to development and humanitarian aid.
“Global military spending is at record levels, even as deadly weapons get cheaper to produce and resources for development and humanitarian needs get slashed,” he said.
At the centre of his remarks was a call to restore confidence in multilateral institutions through diplomacy, accountability and reform.
Shun double standards
He urged Member States to invest more heavily in conflict prevention and mediation, uphold international law “without selectivity” or “double standards”, and reform global institutions to reflect modern geopolitical realities.
“Global institutions must reflect today’s realities – not those of 1945,” he said, pointing to the absence of permanent African representation on the Security Council as “a historic injustice” that undermined the body’s legitimacy and effectiveness.
Guterres concluded with a direct appeal to Council members to move beyond rhetoric and act collectively to preserve international peace and security.
“The world is watching – and demanding action, not just words,” he said…. PACNEWS
PACNEWS DIGEST
The views expressed in PACNEWS are those of agencies contributing articles and do not necessarily those of PINA and/or PACNEWS
GEF Councils to prepare for last sprint to 2030
SAMARKAND, 27 MAY 2026 (GEF) — The governing bodies of the Global Environment Facility family of funds will gather 31 May through 03 June to consider more than US$200 million in support, and to endorse plans to accelerate environmental action over the next four years.
Meeting in Samarkand, representatives of the GEF’s 186 participant countries are set to review a proposed allocation of US$129.5 million from the multilateral trust fund as well as US$64.7 million from the Least Developed Countries Fund, US$2.9 million from the Special Climate Change Fund, and US$20.5 million from the Global Biodiversity Framework Fund.
They will also welcome donor government contributions pledged for work in GEF-9, the funding period from July 2026 through June 2030 that aligns with a final push to meet goals across the six multilateral environmental agreements the family of funds supports.
The Council meetings will immediately precede the Eighth GEF Assembly in Uzbekistan, where the sprint to 2030 will be in focus.
Council members will be reviewing the final work programs to be considered under the GEF-8 period, which ends in June 2026. With this proposed funding, plus support for enabling activities supporting countries’ planning and policy work, about 97 percent of the record US$5.3 billion GEF-8 envelope will be allocated.
The final round of proposed GEF-8 support from the multilateral trust fund spans 19 countries. With these efforts, the GEF will have met or exceeded core impact indicators on marine protected area protection and creation, improved management of shared water ecosystems, restoration of land and terrestrial ecosystems, and other areas including pollution management and abatement in the current four-year cycle.
Priority initiatives to be considered for new funding by the GEF Council include large-scale ocean conservation activities through the Blue Nature Alliance and support for community leadership on biodiversity through the Critical Ecosystem Partnership Fund. The proposed package also includes innovative blended finance for Uzbekistan related to renewable energy and its storage, and high-impact support for countries including Niue, the Solomon Islands, and Zimbabwe.
The trust fund work programme is expected to mobilise more than US$828 million, with each GEF dollar matched with $6.40 in co-financing. In addition to the work program, the Council is set to receive and acknowledge US$200 million in smaller-sized projects that have moved forward with GEF Interim CEO approval since the beginning of the year.
Meeting as the LDCF/SCCF Council, representatives will consider funding for seven projects from the Least Developed Countries Fund and one from the Special Climate Change Fund. The proposed initiatives would support adaptation priorities in Bangladesh, the Democratic Republic of Congo, Guinea-Bissau, Niue, Senegal, Solomon Islands, Sudan, and Togo, also mobiliSing nearly US$218 million in co-financing.
These projects are set to help countries reduce flood and coastal risks, support food security, protect biodiversity, improve disaster preparedness, and expand economic opportunities for vulnerable communities, including through investment in sustainable infrastructure and resilient ecosystems. Together, the initiatives will highlight the role of the LDCF and SCCF as dedicated, grant-based funds helping vulnerable countries translate adaptation priorities into practical, investable action.
Council members are also expected to endorse the GEF-9 LDCF/SCCF Programming Strategy, which sets out two financial scenarios for each fund – ranging from US$1 billion to US$1.3 billion for the LDCF, and from US$200 million to US$300 million for the SCCF – and introduces operational improvements to strengthen access, delivery, innovation, and finance mobilisation, positioning the LDCF and SCCF to provide more predictable, catalytic support for Least Developed Countries and Small Island Developing States.
Finally, the GBFF Council will consider two projects aligned with the Kunming-Montreal Global Biodiversity Framework targets – one in Papua New Guinea and one in India. It will also review a new resource mobilization strategy that relates to governments, the private sector, and philanthropy, and will discuss an Independent Evaluation Office assessment of the nearly three-year-old fund.
This fourth work program of the GBFF continues to support its portfolio target of at least 20 percent of total project financing directed to support actions by Indigenous Peoples and local communities. Some 39 percent of the proposed GBFF project financing to be presented in Uzbekistan is directed to this purpose.
The Eighth GEF Assembly, held in Samarkand, will officially open on 04 June and is set to include a series of high-level plenary meetings, roundtables, and side events focused on the final sprint to 2030 environmental goals. The Assembly is the flagship gathering of the GEF partnership, occurring approximately every four years and bringing together government officials, policymakers, civil society, and the private sector.
During the Assembly, the GEF’s member countries will take note of the report of the ninth replenishment of the trust fund. Participants in Uzbekistan will also showcase successful projects and innovations across regions and sectors. This will include a Civil Society Organisations Forum on 03 June, co-organized with the GEF CSO Network and Indigenous Peoples Advisory Group. The forum’s deliberations are set to feed into the Assembly sessions, including proposals on ways to boost civil society engagement and support and ensure that investments in the environment yield positive results that endure.
The six multilateral environmental conventions the GEF serves are the Agreement on Marine Biological Diversity of Areas Beyond National Jurisdiction, the Convention on Biological Diversity, the Minamata Convention on Mercury, the Stockholm Convention on Persistent Organic Pollutants, the UN Convention to Combat Desertification, and the UN Framework Convention on Climate Change…. PACNEWS
