PNG banks on second major development to boost growth
A US$10 billion LNG project in Papua New Guinea will have a transformative effect on the impoverished Pacific nation, as well as supply Asia’s growing demand for energy, the developers say. TotalEnergies, Santos and
Pacific nations double down on their green demands
As is customary in the run up to any gathering of the Marine Environment Protection Committee (MEPC) at the International Maritime Organisation (IMO), predicable fault lines are emerging. Oil producing nations tend to
PNG offers gas field priority to Japan for energy security
Papua New Guinea offered Japanese companies favoured access to new gas field development opportunities and liquefied natural gas (LNG) processing projects in trade talks on Tuesday that focused on energy security, PNG
Santos gets US$1.1billion offer for five percent stake in PNG LNG
Santos Ltd has received a US$1.1 billion binding offer from Papua New Guinea’s state-owned Kumul Petroleum for a five stake in PNG liquefied natural gas (PNG LNG) project, the country’s biggest resources
Palau’s Ngchesar State endorses oil refinery plant
Palau’s Ngchesar State Government recently endorsed a proposal to build a deep-water petroleum refinery plant and port in Ngchesar State. The presentation by Belau LLC to the House of Delegates in
PNG economy may recover when second LNG project begins, but debt will rise
Ratings agency, S&P Global Ratings expects the Papua New Guinea to recover when the second LNG project commences next year, but has maintained a Negative outlook for the economy. In its latest review of the South
Oil exploration talks revived in Palau
By Bernadette H. Carreon Proponents behind the efforts to drill exploratory oil and gas wells in one of Palau’s outlying states are reviving the plan, optimistic that the administration of President Surangel Whipps
