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Energy

Papua LNG signing a major breakthrough for PNG resources sector

Oil Search managing director Peter Botten hailed the reaching of the Papua LNG fiscal agreement as another big moment for PNG. The major breakthrough came when French energy giant Total, operator of the Papua LNG Project, ExxonMobil and Oil Search signed a Gas Agreement with the PNG Government, defining the fiscal framework for the Papua LNG Project. “This is a major milestone for the Papua LNG Project. We believe the

Consortium of governments back electrification of PNG

PAPUA New Guinea has invited Australia, Japan, New Zealand and the United States to work together to support its enhanced connectivity and the goal of connecting 70% of its population to electricity by 2030. Currently only about 13% of Papua New Guinea’s population have reliable access to electricity. Access to electricity is key to Papua New Guinea’s economic growth. Electricity lifts the living standards of communities in cities, towns and