After a period of decline, Papua New Guinea’s hydrocarbons industry is preparing for a dramatic comeback, with billions of dollars of investment flowing into exploration and production. The first of several planned large-scale liquefied natural gas (LNG) production and export projects is set to come on-line in 2014.
With global demand for petroleum rising, oil companies have been forced to think of more creative ways to tap into new sources of oil to compensate for the rapacious energy needs. A radical concept at the time, one of the more effective solutions was to tap into the two-thirds of the planet covered by water by creating the now ubiquitous offshore...
What factors, in your opinion, are driving the proposed changes to the country’s mining laws?
How is the completion of the final construction phase of ExxonMobil’s PNG liquefied natural gas (LNG) project progressing?
How successful do you feel the mining laws are at balancing the competing interests of the state and private sector developers?
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