A wave of new developments in Papua New Guinea’s (PNG’s) upstream energy sector is under way, including the exploration of new fields and the signing of a deal that could affect the timing of the country’s second liquefied natural gas (LNG) project.
Papua New Guinea
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With 13 consecutive years of growth under its belt, Papua New Guinea (PNG) is gearing up for the next phase in its economic development, which is set to be largely defined by the country’s new role as an exporter of liquefied natural gas (LNG).
The recently approved 2014 budget for Papua New Guinea (PNG) provided no major policy changes or surprises and is likely to play well to an international investor audience.
Economic update | Papua New Guinea's economic development puts education system in spotlight
4 Dec 2013
While falling global commodity prices could be a cause for concern in Papua New Guinea (PNG), the government’s latest budget suggests that plans to improve education will remain a priority.
The stage is set for Papua New Guinea (PNG) to increase its national minimum wage next year, in a move which is seen as providing much-needed redress for the country’s labour pool.
Economic update | Downstream projects bode well for Papua New Guinea’s fisheries industry
27 Oct 2013
A wave of new fish processing facilities is galvanising downstream activity across Papua New Guinea (PNG), paving the way for the $408m fisheries sector to transform itself into a billion-dollar industry.