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PAPUA NEW GUINEA NEWS, FACTS, INFORMATION, STORIES AND INSPIRATIONS

Governor Allan Bird Demands Marape's Removal

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Governor Allan Bird Demands Marape's Removal Allan Bird, the governor of East Sepik, is speaking out against how Papua New Guinea (PNG) is being run. He's not happy with Prime Minister James Marape and wants things to change. Allan Bird is becoming a big voice in the opposition party. He's known for being honest and talking about the problems people care about, like bad government and lack of honesty. He says people are tired of the government's decisions. One of the things Allan Bird is criticizing is the Connect PNG program. This program is supposed to improve roads and other infrastructure across the country. But Allan Bird says the money isn't being used properly. He wants to know where the money is going and if it's really helping people. This raises questions about whether the government is being honest about how it spends money. Allan Bird's speech has started a big discussion about who should be leading PNG and how the country should be run. He...

SANTOS AGREES TO SELL 5% STAKE IN PNG LNG TO STATE-OWNED KUMUL FOR $1.1 BILLION - WHY PAYING FOR SOMETHING THAT PNG ALREADY OWN?

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SANTOS AGREES TO SELL 5% STAKE IN PNG LNG TO STATE-OWNED KUMUL FOR $1.1 BILLION  Reporting by Sonali Paul, Editing by Louise Heavens  Source link:  https://www.reuters.com/markets/commodities/santos-agrees-sell-5-stake-png-lng-state-owned-kumul-report-2022-09-26/ MELBOURNE, Sept 26 (Reuters) - Santos Ltd (STO.AX) has agreed to sell a 5% stake in PNG LNG to Papua New Guinea's state-owned Kumul Petroleum for $1.1 billion in a deal to be announced on Tuesday, the Australian Financial Review reported late on Monday. Santos declined to confirm the report. Kumul Petroleum could not be reached outside office hours. Santos said in August it expected to reap proceeds from the sale of a 5% stake in PNG LNG "in line with market consensus valuation", which was around $1.5 billion. There had been some speculation that Santos was under pressure to give away 5% of PNG LNG to Kumul Petroleum, but Santos Chief Executive Kevin Gallagher told Reuters in August: "Whoever is going to get...

Full speech: Australian Prime Minister Anthony Albanese's Address to Papua New Guinea's Parliament

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