The telecommunications sector in Papua New Guinea, long synonymous with high prices and poor service, is undergoing a sea change as fresh competition, infrastructure rollout, and market reforms result in increased coverage and access.
The telecommunications sector in Papua New Guinea, long synonymous with high prices and poor service, is undergoing a sea change as fresh competition, infrastructure rollout, and market reforms result in increased coverage and access.
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,...
When the global economic downturn lowered demand for raw materials and depressed commodity prices, the mining sector as a whole was forced to reckon with a rapidly changing paradigm wreaking havoc on its collective balance sheets. Ripples from this slowdown continue to buffet the industry today, including in Papua New Guinea, as softer...
The country’s limited energy needs and its rapidly expanding supply of gas have led policymakers to pursue the somewhat obvious path of focusing on the export market via shipments of liquefied natural gas (LNG). Although the price of energy has declined considerably since the initial plans for the Papua New Guinea LNG project were first drawn...
Long a mainstay of Papua New Guinea’s economy, the mining sector has not been immune to the global economic turbulence that continues to buffet the industry as companies wait out the resulting challenging market conditions. Slack demand for base metal products and decreased access to cash for junior operators has curtailed exploration and...
The long wait for the Papua New Guinea liquefied natural gas (LNG) project is now over, and the energy sector is transforming from a major investment vehicle into a primary revenue generator for the economy. In fact, the project is expected to have so much of an impact during its first full year of LNG exports that PNG was projected by the...
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