Monetary Times

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The contract entails the availability of 20 LNG cargoes, or as much as approximately 0.5 million tonnes of LNG each year, over a interval of three years plus one quarter. The contract will begin in Q4 2025, with LNG being equipped from Santos’ world portfolio of world-class LNG assets on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher mentioned the contract with TotalEnergies marks a brand new LNG relationship for Santos, constructing on its existing joint venture partnerships. Our portfolio is well-balanced over the short to medium term, with around eighty % of volumes indexed to oil costs and about twenty % uncovered to spot pricing,” Gallagher mentioned.

Similarly, “Toea” refers to a priceless type of shell used in commerce and traditional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to sustaining belief and confidence in bodily foreign money, whilst world trends shift in course of digital currencies and digital payments. “This exhibition supplies a singular opportunity to replicate and appreciate how far we’ve come and to consider how we can continue to honour our heritage whereas embracing the lengthy run,” she mentioned. The exhibition was designed to take attendees on a journey by way of PNG’s history, showcasing photographs of rare artefacts, coins, and notes that have formed the country’s financial system. The launch was attended by distinguished visitors, partners, stakeholders, the workers and management of BPNG, and the media. Santos has announced the signing of a mid-term LNG provide contract with TotalEnergies Gas & Power Asia Private Limited .

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“Deeply embedded in our traditions and cultural practices, shell cash also represented social status, and it was used in marriages, deaths, and different significant ceremonies and events,” Genia explained. The arrival of colonisers marked a turning point within the nation’s economic historical past, resulting in the introduction of latest currencies on 19 April 1975. “These modern currencies served as each economic devices and nationwide emblems of our independence and unity as a nation,” Genia famous. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is found in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas.

A new report mentioned the damage charges in warehousing and delivery grew “significantly faster” than the rate throughout industries. All the content on this website is copyright protected and may be reproduced only by giving the due courtesy to ‘ft.lk’ Copyright © 2004 Wijeya Newspapers Ltd. Council leader Jason Zadrozny welcomed the news, saying the project will create 600 jobs a yr during construction and 1,000 jobs on completion, and add greater than £50m a yr to the district’s economy. October 7, 2024 • Maryland’s Montgomery County is constructing mixed-income flats in which people who can afford to pay market rate permit other renters to pay much less.