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

O'Neil's Condolence Message to the Late Rt. Honourable Sir Julius Chan, GCL, GCMG, KBE, PC and Governor, New Ireland Province and Former Prime Minister

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By: Peter O'Neil, MP. My speaking notes at the Funeral this evening of the Late Rt. Honourable Sir Julius Chan, GCL, GCMG, KBE, PC and Governor, New Ireland Province and Former Prime Minister Lady Stella Chan, Vanessa, Byron, Mark and Toea and your extended family Thank you for giving us the opportunity to pay our respects to this Great Leader of our country and our people.   Sir Julius as known to all of us, was a man amongst men. A leader of leaders and a statesman who dedicated his entire adult life contributing enormously to nation building.   As one of the founding fathers, Sir Julius served his country and people well. A service to his community and his stance on good governance are his public legacy. Shining examples of not just doing what is good for our people but also ensuring it is done right.   Doing the right thing is not always the easy thing but Sir J demonstrated over and over that this doing the right thing by Papua New Guinea was the only cou...
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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...
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Location: Papua New Guinea
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Full speech: Australian Prime Minister Anthony Albanese's Address to Papua New Guinea's Parliament

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