How do trends in the global liquefied natural gas (LNG) market affect sector development?
Papua New Guinea Energy
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Interviews & Viewpoints | Wapu Sonk, Managing Director, Kumul Petroleum: Interview from The Report: Papua New Guinea 2018
Articles & Analysis | New technologies harness energy potential and drive growth in PNG from The Report: Papua New Guinea 2018
Although international oil and gas firms continue to face a challenging operating environment, economic expansion in Papua New Guinea has been driven by large-scale energy projects in recent years, with liquefied natural gas (LNG) processing becoming an important catalyst for growth. Although investment has stalled somewhat since 2014, the...
Although international oil and gas firms continue to face a challenging operating environment, economic expansion in Papua New Guinea has been driven by large-scale energy projects in recent years, with liquefied natural gas processing becoming an important catalyst for growth. Since the launch of the PNG LNG project in 2014, the country has witnessed a significant uptick in investment, with...
Shaped by shifts in supply and demand, Papua New Guinea’s economy has relied heavily on mineral extraction for most of its modern history. On the back of increased gold, copper, nickel and cobalt production, mining revenue expanded by 18.8% in 2017. As prices rebound, growth in mining activity comes at an important juncture, boosting export and fiscal receipts, as the country grapples with...
Although Papua New Guinea’s macroeconomic slowdown, challenging business climate and falling global commodity prices have weighed on trade and investment in recent years, the country continues to offer high-potential opportunities to investors.
While Papua New Guinea continues to boost the role of renewables in line with long-term sustainable energy targets, gas-fired generation is also set to increase in order to meet current shortfalls in electricity supply.