With the afterglow of the successful implementation of Papua New Guinea’s first major liquefied natural gas (LNG) project now fading, attention has now being turned increasingly towards the next large pipeline project, Papua LNG. The most likely candidates are the Elk-Antelope fields within petroleum retention licence (PRL) 15 located in Gulf...
Numerous opportunities in Papua New Guinea’s power sector, both in the public and private sector, hold substantial potential for companies willing to supply new generation capacity to a country still undersupplied in 2016. Currently, PNG operates around 580 MW of nameplate power capacity, serving only a small fraction of the population within...
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 ExxonMobil-driven PNG LNG project – not only secured...
Although much of the focus of the energy sector remains on the upstream segment and its investments, Papua New Guinea’s downstream segment has been making waves over the past few years. Both the refining and retail segments have undergone significant changes as members of the old guard have bowed out and new, dynamic players have jumped into...
In Papua New Guinea insurance makes up a small part of the overall economy when compared to international levels. The penetration rate as a percentage of GDP is under 2%, while the global average is 7.5%, according to the UN Development Programme. Insurance in the country is also a sector of great opportunity. Access is straightforward given...
To what extent have repetitive fires been affecting the growth of the insurance industry and how they should be contained?
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