S & P have PNG on watch and are worried about govt debt levels and the government. Can see that as good and bad as PNG is reliant on resource exploration and development to production to increase GDP so it should be helping such companies not blocking them. PNG should be making conditions suitable for resoource players and hopefully not be listeninga nd taking too many IMO backhanders from China
There is news on porgera and a few other project out there.
gas prices up but shipping it is a capacity constraint and also getting next trains online but biggest constraint is finance going forward if ever reliant on Australian backs in any way as what has happened to green movement in AGL will likely be mirrored. banks are being pressured by vocal minority shareholders to not fund oil and gas.
S & P have PNG on watch and are worried about govt debt levels...
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