Occupying the eastern half of the island of New Guinea and hundreds of adjacent smaller islands, Papua New Guinea is an important exporter of metals ( particularly gold and copper) and agricultural products such as coffee and palm oil. The country is also set to become a major exporter of gas, which should significantly increase the size of the...
Perhaps no other project has had greater expectations riding on it than the Papua New Guinea liquefied natural gas (PNG LNG) venture, the largest single investment in the country’s history. It is hoped that the $15.7bn investment will enrich not only the coffers of the participating firms and the government, but also aid the wider economy. The...
Since large-scale mining was initiated in the 1970s at the Panguna copper mine in Bougainville, the revenue derived from mineral extraction has served as the backbone of Papua New Guinea’s economy. While Panguna is no longer operating, a host of new largescale gold mines have stepped up to fill the void and now contribute the vast majority of the...
A rapidly expanding population and the corresponding strong economic growth are putting increasing pressure on Papua New Guinea’s overstretched power sector. Already registering annual growth in power consumption of around 5%, according to Chris Bai, executive advisor at PNG Power (PPL), demand is only expected to rise in the coming years. “The...
The largest of the Pacific Island nations, Papua New Guinea (PNG) occupies the eastern half of New Guinea and hundreds of nearby islands. A mountainous and forested terrain has led to astonishing cultural and linguistic diversity, even as it inhibited development.
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