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The exhibition offered a chance to explore the fascinating history of PNG forex and its distinctive place in the nation’s growth. Displaying cultural richness and variety, attendees had been reminded of the importance of foreign money as a reflection of PNG identification, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and formally declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to face earlier than you right now as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving financial historical past as a part of the Bank’s fiftieth anniversary celebrations,” Governor Genia stated. She highlighted that the occasion is especially vital because it precedes the 50th anniversary of both the nation’s foreign money and the nation itself. Governor Genia additionally introduced the Bank’s Vision 2050, launched in line with the anniversary celebrations.

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The launch was attended by distinguished guests, partners, stakeholders, the workers and administration of BPNG, and the media. Santos has announced the signing of a mid-term LNG provide contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the supply of 20 LNG cargoes, or up to roughly zero.5 million tonnes of LNG per annum, over a period of three years plus one quarter. The contract will commence in Q4 2025, with LNG being provided from Santos’ global portfolio of world-class LNG assets on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher mentioned the contract with TotalEnergies marks a new LNG relationship for Santos, building on its existing joint venture partnerships.

The Minister acknowledged the proactive efforts of the Governor of the nation’s capital, highlighting Hon. Parkop’s commitment to inclusive participation and the promotion of tourism, arts, and tradition. Namah’s appointment, notably in regards to the well-known Kokoda Trail.