AGP Executive Report
Last update: 4 hours agoMining Investment Push: PNG unveiled regulatory, legislative and digital reforms to attract responsible long-term mining investment, aiming to lift investor confidence while ensuring communities benefit from resource projects. Ports Dividend: PNG Ports declared an interim K22.5m dividend for FY2025, citing disciplined operations and efficiency gains. Oil & Gas Update: Santos reported higher 2Q26 sales revenue on stronger LNG and crude/condensate prices, with Barossa and Pikka ramp-ups driving production. FSO Project Contract: ABL won an FSO installation-related job for PNG’s first offshore floating facility tied to the Kutubu pipeline system and PNG LNG operations. Digital Growth Drive: DTS26 in Port Moresby put AI, cybersecurity and digital infrastructure at the centre as PNG seeks faster digital-economy investment. Security Cooperation: New Zealand and PNG signed a 2026–2029 defence cooperation Statement of Intent covering dialogue, training, exercises and personnel exchanges. Governance Training: MRDC strengthened directors’ governance skills through PNGID training for trust company directors and senior executives. Local Skills & Jobs: PNGDF expanded skilled carpentry testing via NATTB trade certification. Regional Diplomacy: China praised PNG’s closure of Taiwan’s economic office, while Taiwan signalled it may review LNG spot purchases. Sports & Community: PNGDF and police actions featured alongside a crackdown on illegal gambling and calls to speed up swearing-in of the Electoral Commissioner.
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.
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