AGP Executive Report
Last update: 4 hours agoOffshore Energy: Larus Energy is seeking funding to drill a deepwater prospect in the Gulf of Papua in about a year. ExxonMobil has also taken operatorship of the Papua LNG project. Tourism: MRDC’s Kutubu Heritage Hotel is due to open in November, giving visitors access to Mount Bosavi, Lake Kutubu and Wasi Falls. Industry leaders are urging more private investment, while digital visa processing and payments are being promoted to make travel and spending easier. Agriculture: PNG’s coconut sector is moving from raw copra exports towards higher-value products, as calls grow for stronger support for oil palm and landowner participation. Power and costs: Japan-backed K270 million upgrades to the Ramu transmission system are expected to reduce outages in Lae. Prime Minister James Marape warned that high fuel and import costs, alongside El Niño, will continue to strain businesses and households.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.