AGP Executive Report
Last update: 5 hours agoLNG Deal Momentum: TotalEnergies has picked Seoul’s Daewoo E&C as preferred bidder for the Papua LNG central processing facility and wellpads EPCC, building on its earlier FEED work; a final investment decision is still targeted for late 2026. Local Security & Landowners: PCS and Limu Oil PRL 15 Consolidated Holdings signed a JV to deliver security services for the Gulf Province project, with roles for seven landowner groups. Agriculture Investment Push: IFC says it aims to mobilise K1.5bn into PNG agriculture by 2030 under the World Bank’s AgriConnect initiative, seeking commercially viable agribusinesses. Cocoa Processing Upgrade: EU-STREIT PNG support has expanded processing and chocolate-making capacity at a leading domestic cocoa processor, aiming to lift demand for quality beans and premium exports. Fuel Subsidy Cost Update: PNG’s fuel subsidy will run to December, with total support now estimated around K1.5bn. Marine Tourism Boost: PNGTPA has partnered to bring a ferry back into service in Port Moresby Harbour, targeting new marine tourism experiences. Health Concern: PNG is seeing rising eye disease burden, with cataracts linked to ageing and diabetes risk. Workforce & Skills: Marape launched Unitech’s School of Petroleum Engineering, with the first Bachelor intake planned for 2027. Creative Industry Spotlight: Marape congratulated Wame Blood for representing PNG at the 2026 Pacific Music Awards in Auckland.
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.