Issue 1

New year, new highs for everyone in Papua New Guinea -- and especially for your PNG Business News, as we outdid our largest-ever issue last quarter with our maiden offering this year, a 134-page magazine for Issue 1 2024!

Inside, you can read about our cover image, Steamships unveiling its Harbourside South development, starting on page 34. Port Moresby’s newest mixed-use development celebrates a milestone for both Steamships and partner Pacific Palms Property and is another nod to PNG’s robust growth and development.

Our ace columnist Michael McWalter, the former director for the Petroleum Division and adviser to the Government of PNG, finishes his story on how Papua New Guinea became and oil producer and then an LNG Producer, starting on page 10. Reading through the article, and the one that came before it in Issue 4 2023 which you can find here online, will give you the complete picture of how the country is becoming a natural gas power.

On the government front, we give you the lowdown on two important developments. First, the Marape administration and its partners have signed the fiscal agreement for the P’nyang LNG project, as reported by our Marcelle Villegas starting page 62. This massive $12-billion project is another vote of confidence in PNG, and we’ll make sure to keep you updated on its developments.

Second, the leadership has changed hands in the Ministry of Mining, as Sir Ano Pala gives the baton to Honorable Muguwa Dilu, who later updates stakeholders on how the government is taking strategic measures to address the country’s mineral resource inventories. You can find this story on page 44 – and more throughout our pages as we bring you our best and biggest PNG Business News issue yet!