Cott focuses on Pandora potential, PNG economy on edge of 'slippery slope', and the 2014 Westpac Outstanding Women Award winner.

PNG Business Update

October 29, 2014
ExxonMobil PNG LNG

Latest news

Cott Oil and Gas focuses on Pandora gas field's potential for floating LNG 

Cott Oil and Gas Ltd has undergone a restructure to allow the company to focus on  developing what could be Papua New Guinea’s first floating liquefied natural gas (FLNG) project – at the Pandora gas field in the Gulf of Papua. Cott's Managing Director Andrew Dimsey outlined the company's plans to Business Advantage PNG. Read on...


Using the central bank to finance Papua New Guinea's deficit is a 'slippery slope'

The Papua New Guinea economy is on the edge of a ‘slippery slope’, if the Bank of PNG finances government debt and continues to fix the exchange rate at too high a rate. Former Australian Treasury advisor Paul Flanagan argues rising inflation, falling foreign exchange reserves and declining private sector credit growth are compounding the problem. Read on...


Five questions for Lesieli Taviri, winner of the 2014 Westpac Oustanding Women Award

Earlier this month,Westpac Bank declared the General Manager of Origin Energy PNG, Lesieli Taviri, as this year's winner of the Westpac Outstanding Women Award in Papua New Guinea. Business Advantage PNG spoke to Taviri about her career and aspirations. Read on...

In brief

Purchase of Motukea for port relocation delayed, and other business stories

State Solicitor refuses approval for purchase of Motukea island land for port relocation, Confusion over Ok Tedi compensation payments, report says PNG state-owned enterprises under performing compared to Pacific counterparts. Your weekly digest of the latest business news. Read on...

People moves

Virgin Australia, Departments of Treasury and Justice, Outstanding Women Awards

Airline  chairman to step down, Senior public servants win prestigious fellowships, Westpac Outstanding Women Award winners. Read on...


Business Connect

ExxonMobil PNG Limited supports program to protect endangered turtles

A program led by the University of Canberra and the Institute for Biological Research at the University of Papua New Guinea is working to conserve the habitat of an endangered pig-nosed turtle species, known locally as Piku. Read on...
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