Although mineral extraction provides a large portion of the country’s economic output and exports, much of Papua New Guinea’s vast mineral wealth remains underexplored due, in part, to the mining sector’s challenging regulatory regime. Grey areas include, but are not limited to, land rights issues, royalties, length of contract, environmental...
Situated within the Pacific ring of fire and immensely rich in mineral deposits, Papua New Guinea is one of the last frontiers for mining firms searching for unexploited treasure. Yet the same geologic forces which have concentrated gold, copper, nickel and other precious metals within the country – at the convergence of the Australian Plate...
With thousands of kilometres of rivers and monthly average rainfall often exceeding 300 mm, Papua New Guinea is well suited for hydropower production. Unfortunately, the same geography and climate that makes the country conducive for power development also creates barriers to its development. Most notably its rugged features pose significant...
The near future will bring positive change for the energy sector and the economy as a whole as the investment and construction phase of the $19bn Papua New Guinea liquefied natural gas (LNG) project winds down and the first shipments of gas begin to flow from the ExxonMobil facility. Even with the optimism surrounding this signature...
As the energy industry takes on an increasingly important role within the economy, the government of Papua New Guinea has been moving in recent years to update its regulatory framework for the sector through the creation of new government entities and an overhaul of related laws. Under the current Oil and Gas Regulation of 2002, which updated...
Much of the rapid growth that has occurred over the past decade across a wide swath of Papua New Guinea’s economy has been either directly or indirectly the result of massive investments and projected future earnings of the ExxonMobil PNG liquefied natural gas (LNG) project. As this project prepares for its first delivery starting in 2014,...
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