Much of Papua New Guinea’s economic success over the past decade, along with its prospects for future growth going forward, can be tied directly to the energy sector. The efficient construction and operational launch of the country’s first liquefied natural gas (LNG) programme the $19bn PNG LNG project not only secured unprecedented foreign direct investment (FDI) into the country and provided...
Papua New Guinea Energy
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A new wave of investments in Papua New Guinea’s energy sector could see some $19bn of projects launched in the coming years, boosting the country’s liquefied natural gas (LNG) output and providing employment to thousands.
Following successful completion of the Papua New Guinea liquefied natural gas project, the country is experiencing a surge of optimism about foreign investment and overall economic growth. PNG remains favoured by its traditional investors such as Australia, but it is increasingly a target for new players, including China and Japan.
Articles & Analysis | Expanding the role of renewable energy in PNG from The Report: Papua New Guinea 2015
For a country that relies heavily on hydrocarbons exports as a major revenue stream, Papua New Guinea has an electricity sector surprisingly reliant on renewable energy. This is more from necessity than from any overriding imperative to develop clean energy; PNG has little in the way of tailored incentives like feed-in tariffs or a “green...
Articles & Analysis | PNG hosts development of underwater mine technology from The Report: Papua New Guinea 2015
The most unique and potentially profitable mining operation in Papua New Guinea is moving forward again after a funding dispute between Toronto-listed Nautilus Minerals and the PNG government initially slowed development of the underwater mining project following lease approval in 2011. The technically challenging venture, dubbed Solwara 1,...
