Papua New Guinea expects the US$14.5 billion (approximately K58 billion) Papua LNG Project to reach a final investment decision (FID) before the end of 2026, as the government accelerates petroleum sector reforms aimed at attracting investment and expanding production. Petroleum Minister Jimmy Maladina announced the update during the PNG CORE National ...

Strengthening transparency, governance, accountability and compliance across Papua New Guinea's extractive sector is critical to attracting investment, ensuring resource-owning communities receive a fair share of development benefits and supporting sustainable economic growth. The issues were highlighted during Session 10A – Governance & Economic S...

PNG Chamber of Resources and Energy (PNG CORE) President Anthony Smaré has called for stronger collaboration between government, industry, landowners and communities to ensure Papua New Guinea's next generation of resource projects delivers lasting economic and social benefits, as PNG Resources Week 2026 officially opened on Monday, July 13, at APEC Haus ...

The operationalisation of Papua New Guinea's long-awaited Sovereign Wealth Fund (SWF) has the potential to transform the country's economic future by converting finite resource wealth into lasting national prosperity, according to Sovereign Wealth Fund Chief Technical Adviser Ian Tarutia. Speaking during Session 3A, "Resource Revenue and Local Value," ...

The National Government has strengthened representation for communities affected by the Papua LNG project, with Petroleum Minister Jimmy Maladina assuring landowners and local leaders that every impacted district and province will have a voice during the Papua LNG Development Forum. Speaking at APEC Haus on Wednesday, 8 July, the Minister outlined the ...

The Papua New Guinea Tourism Promotion Authority (PNGTPA), in partnership with the National Capital District Commission (NCDC), has launched the National Capital District Accommodation Inventory & Capacity Survey, an initiative aimed at strengthening tourism investment, destination planning and industry growth through the collection of reliable accomm...

The Papua New Guinea Forest Authority (PNGFA) has strengthened its operational capacity with new communication and video-conferencing equipment provided under the European Union-funded Forestry-Climate Change-Biodiversity (EU-FCCB) Programme, a move expected to improve efficiency, reduce operating costs and support sustainable management of one of the cou...

Papua New Guinea's coffee industry has strengthened its export prospects, with local exporters securing an estimated K9.7 million (AUD3.2 million) in projected sales after participating in Australia's largest coffee trade exhibition. Twelve PNG coffee exporters took part in the Melbourne International Coffee Expo (MICE) in March, using the event to sho...

The New Ireland Provincial Government (NIPG) in Papua New Guinea has unveiled a record revised budget of K499.57 million, placing infrastructure investment, economic diversification and greater provincial self-reliance at the centre of its development agenda. Presenting the revised budget to the New Ireland Assembly on 22 July, Provincial Governor Byro...

Three premium agricultural products from Papua New Guinea's Sepik region have become the country's first officially validated Geographical Indications (GI), a development expected to strengthen export competitiveness, increase farmer incomes and enhance the international market value of PNG-grown cocoa and vanilla. The products – Misim Vanilla, Torrice...

A new partnership to establish downstream balsa processing in Oro Province of Papua New Guinea is being hailed as a significant step towards industrialisation, with plans to transform Kararata into a future Special Economic Zone (SEZ) aimed at attracting investment, creating jobs and increasing export value. The Popondetta District Development Authorit...

Papua New Guinea has launched the K2.5 billion Port Moresby International Airport (PMIA) Redevelopment Project, one of the country's largest aviation infrastructure investments, aimed at transforming Jacksons International Airport into a modern aviation gateway and strengthening PNG's position as a regional aviation and economic hub over the next 50 years...

The New Ireland Provincial Government has committed K1.5 million to support women entrepreneurs and expand financial inclusion across the province through a new partnership with Women's Micro Bank Limited under the Empowering Mama Bilas Peles Program. The funding commitment was announced by New Ireland Governor Byron Chan during the program's official ...

New Ireland Governor Byron Chan is pursuing international education partnerships aimed at strengthening the province's public sector workforce, a move viewed as central to efforts to improve governance, attract investment and prepare the province for greater autonomy and economic self-reliance. Chan traveled to the Philippines in the second week of Jun...

The Department of Prime Minister and National Executive Council (DPMNEC) has officially launched its Electronic Funds Transfer (EFT) Payment System as part of the government's efforts to modernise public-sector financial management, improve efficiency and strengthen accountability. The announcement was made by Chief Secretary to Government Ivan Pomaleu...

France has strengthened its support for Papua New Guinea's green economy with a EUR15 million (approximately K75 million) commitment aimed at expanding green lending for small and medium-sized enterprises (SMEs), renewable energy projects, sustainable agriculture and other environmentally responsible investments. The commitment was formalised on May 27...