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The contract entails the provision of 20 LNG cargoes, or as a lot as roughly 0.5 million tonnes of LNG every year, over a period of three years plus one quarter. The contract will start in Q4 2025, with LNG being provided from Santos’ world portfolio of world-class LNG assets on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies marks a brand new LNG relationship for Santos, building on its existing three method partnership partnerships. “This oil-indexed contract, together with the recently executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ sturdy LNG portfolio position and buyer relationships in the region.

The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition provided a chance to explore the fascinating historical past of PNG forex and its unique place in the nation’s improvement. Displaying cultural richness and variety, attendees have been reminded of the significance of foreign money as a mirrored image of PNG identity, 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 stand before you right now as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving financial historical past as a half of the Bank’s 50th anniversary celebrations,” Governor Genia said. She highlighted that the event is especially vital because it precedes the 50th anniversary of both the nation’s currency and the nation itself.

Governor Genia additionally introduced the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, notably the Kina and Toea, were not only mediums of commerce but also symbols of wealth, social standing, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money additionally represented social status, and it was utilized in marriages, deaths, and other important ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning level within the nation’s economic historical past, leading to the introduction of up to date currencies on 19 April 1975. “These contemporary currencies served as both financial devices and nationwide emblems of our independence and unity as a nation,” Genia noted. She supplied insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas.

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The privatization of the Caliraya-Botocan-Kalayaan hydroelectric power plant might still be completed next 12 months despite current… Eighty-five p.c of Filipino workers shared a positive or impartial answer when asked about their job satisfaction, according to a survey conducted by on-line job portal Jobstreet by SEEK. Daniel Khalife is accused of collecting delicate navy info for Iran and escaping from prison in September 2023. A well being board challenges plans for a chip shop and desires it to sell fruit and veg. The Renters’ Rights Bill, which bans no-fault evictions, shall be debated for the primary time on Wednesday. Former Liverpool supervisor Jurgen Klopp appointed world head of soccer at Red Bull.