PNG Economics Bulletin

MRDC Concludes Clan Bank Account Awareness Exercise for Hides PDL1 Beneficiaries in PNG LNG Project

MRDC Concludes Clan Bank Account Awareness Exercise for Hides PDL1 Beneficiaries in PNG LNG Project

The Mineral Resources Development Company (MRDC) has successfully concluded an Awareness Exercise on the Clan Bank Account Opening for the Hides PDL1 beneficiaries in the PNG LNG Project in Hela

April 24, 2024
PNGEITI CALLS FOR TRANSPARENCY MECHANISMS TO BE BUILT INTO THE SWF ARRANGEMENT

PNGEITI CALLS FOR TRANSPARENCY MECHANISMS TO BE BUILT INTO THE SWF ARRANGEMENT

Transparency mechanisms built into the topical Papua New Guinea Sovereign Wealth Fund (SFW) will enable an effective functioning of the fund, according to the PNG Extractive Industries Transparency Initiative. PNGEITI

November 21, 2022
PNGLNG PARTNERS IMPLORED TO DISCLOSE NATURE OF TRANSACTION

PNGLNG PARTNERS IMPLORED TO DISCLOSE NATURE OF TRANSACTION

An undertaking by state owned Kumul Petroleum Holdings Limited (KPHL) to increase its PNGLNG equity through a conditional arrangement between PNGLNG partner Santos has raised concerns over the lack of

September 30, 2022
KUMUL OFFERS TO ACQUIRE 5% OF PNGLNG FROM SANTOS

KUMUL OFFERS TO ACQUIRE 5% OF PNGLNG FROM SANTOS

Santos yesterday  advised it has received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a 5 per cent project interest in PNG LNG for asset value

September 28, 2022
K189 MILLION KROTON DIVIDEND READY FOR DISBURSEMENT TO IMPACTED PNGLNG LANDOWNERS

K189 MILLION KROTON DIVIDEND READY FOR DISBURSEMENT TO IMPACTED PNGLNG LANDOWNERS

A total of K189 million will be paid to landowner groups impacted by the Papua New Guinea Liquefied Natural Gas Project (PNGLNG) as dividend of their commercial share in the

June 16, 2022
PAPUA NEW GUINEA SET FOR SECOND EITI VALIDATION COMMENCING APRIL 2022

PAPUA NEW GUINEA SET FOR SECOND EITI VALIDATION COMMENCING APRIL 2022

PORT MORESBY: Papua New Guinea’s second country validation on implementing the Extractive Industries Transparency Initiative (EITI) Global Standard commences on Friday, April, 1st, 2022.    Head of the PNGEITI National

March 30, 2022