AGP Executive Report
Last update: 9 hours agoMining & Petroleum Investment: PNG says it’s opening the door to long-term mining investment with a package of regulatory, legislative and digital reforms, as Mineral exports hit a record K32bn in 2025 and royalties/benefits remain central to the pitch. Oil & Gas Finance: Santos’ 2Q26 update points to ramping production at Barossa (97% of planned rates) and Pikka phase 1, with higher LNG pricing and output expected to lift free cash flow in 2H26. FSO & Offshore Services: ABL wins work tied to PNG’s first offshore floating storage and offloading facility for the Kutubu pipeline system, supporting marine warranty survey and installation services. Digital Economy & Cybersecurity: DTS26 in Port Moresby pushes AI-driven growth and a “digital public ecosystem,” while experts warn PNG must close the cybersecurity gap as ransomware and phishing rise. Digital Safety in Practice: PNGprepares for AI misuse laws as scammers exploit deepfakes and fake giveaways, with journalists and students also getting UK-backed media resilience training. Regional Connectivity & Trade: Air Niugini restores direct Port Moresby–Tokyo (Narita) flights to boost tourism and investment links. Local Food Security: Agriculture leaders urge PNG to produce more of its own food to cut import pressure, protect health, and strengthen rural incomes. Business & Jobs: NDB support helps a Milne Bay entrepreneur expand prawn harvesting after financial education and SME lending. Sports & Youth Pathways: Fiji beats the Solomon Islands on penalties to qualify for the FIFA U-17 World Cup and set up an OFC U-16 final against PNG or New Zealand.
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