When the global economic downturn lowered demand for raw materials and depressed commodity prices, the mining sector as a whole was forced to reckon with a rapidly changing paradigm wreaking havoc on its collective balance sheets. Ripples from this slowdown continue to buffet the industry today, including in Papua New Guinea, as softer...
The country’s limited energy needs and its rapidly expanding supply of gas have led policymakers to pursue the somewhat obvious path of focusing on the export market via shipments of liquefied natural gas (LNG). Although the price of energy has declined considerably since the initial plans for the Papua New Guinea LNG project were first drawn...
Long a mainstay of Papua New Guinea’s economy, the mining sector has not been immune to the global economic turbulence that continues to buffet the industry as companies wait out the resulting challenging market conditions. Slack demand for base metal products and decreased access to cash for junior operators has curtailed exploration and...
The long wait for the Papua New Guinea liquefied natural gas (LNG) project is now over, and the energy sector is transforming from a major investment vehicle into a primary revenue generator for the economy. In fact, the project is expected to have so much of an impact during its first full year of LNG exports that PNG was projected by the...
To what extent could Chinese investment in the mining sector help spearhead investment at a time of persistently weak commodity markets?
A common thread to Papua New Guinea’s two largest energy projects to date – the PNG liquified natural gas (LNG) mega-project and the upcoming Elk-Antelope play – is that while both are now controlled by energy supermajors Exxon and Total, neither was originally discovered by their current operators. Like the development of new “elephant”...
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