The landscape for trade and investment in Papua New Guinea has undergone substantial changes in recent years. This shift has been driven to a large extent by the country’s large liquefied natural gas (LNG) project, PNG LNG. The development comprises gas production and processing facilities, with its initial phase carrying an estimated cost of...
With the ramping up of the PNG LNG project, the contribution of the resources sector will rise from 12% to 22% of GDP over the span of a year. Falling LNG prices, however, will affect returns in the near term. PNG is a resources-dependent economy and is set to become more so over time, but the development of other sectors is also key. The non-...
“For every village a different culture” is the expression that best describes the hundreds of separate behavioural rules and structures, cultures and languages of Papua New Guinea’s population. Most locals will greet you with a warm, genuine smile, and the salutation “monin tru”, or “a very good morning”, is considered the polite early day...
Hotel listings and other general information for visitors to Papua New Guinea
The establishment of the Conservation and Environment Protection Authority (CEPA) will see significant changes in the ways applicants for, and holders of, environment permits interface with the environmental regulator. CEPA was established under the Conservation and Environment Protection Act 2014 (CEPA Act) and takes over the role formerly...
There are three levels of government in Papua New Guinea, the national, provincial and local-level governments. Until December 2004 PNG maintained a comprehensive regulated foreign exchange control regime with a variety of transactions requiring the approval of the Bank of PNG (the...
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