AGP Executive Report
Last update: 6 hours agoPapua LNG Deal Momentum: TotalEnergies says Papua LNG has cleared key steps toward a Final Investment Decision, including completed EPC tendering, about US$14bn capex after ~US$4bn savings, and a shift in operatorship to ExxonMobil—while TotalEnergies sells a 9.1% stake (post Kumul back-in) and keeps 20%. Santos Ups LNG Exposure: Santos confirms it’s buying an extra 3.3% in Papua LNG from TotalEnergies, lifting its interest to 21% and boosting equity LNG output. State Protections for Marketing: KPHL has executed an amended Lakatoi Marketing shareholders agreement with TotalEnergies, tightening governance and reserved matters (like pricing) to protect PNG’s commercial interests and compliance obligations. Consumer & Competition Push: PNG’s ICCC launches its 2026–2030 corporate plan, prioritising consumer protection, competition enforcement, and economic regulation with extra focus on women and disadvantaged consumers. 5G Opens for Business: NICTA clears the way for commercial 5G licensing using 2.6GHz and 3.5GHz spectrum, with initial rollouts expected to start in urban areas. Security vs Infrastructure: A policy warning flags that road expansion under Connect PNG could worsen crime and tribal conflict unless security and governance keep pace.
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