Asia Energy

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Where is there potential for more downstream processing in Papua New Guinea’s energy sector?

 

Although Papua New Guinea has risen to become a significant regional exporter of liquefied natural gas (LNG) since the launch of commercial operations at the PNG LNG project in 2014, the country continues to deal with domestic energy challenges.

 

With copper and gold so important to the mining industry, how do you see global commodity prices impacting the sector in the coming year?

 

The Mining Act of 1992 has served as a sturdy legal guide for the industry in Papua New Guinea, albeit with a small number of gaps that policymakers are eager to close. With the ultimate goal of maintaining a legal structure that is attractive for investors while also providing adequate financial incentives for the state and protecting the...

 

Commodity price fluctuations have rendered sporadic development across Papua New Guinea’s mining segment in recent years. Nevertheless, a diverse basket of minerals continues to attract international investors, who remain eager to unearth the nation’s resources, which have fuelled economic expansion. However, a lack of hard infrastructure and...

Chapter | Energy from The Report: Papua New Guinea 2017

Papua New Guinea’s energy sector has undergone a dramatic transformation over the previous decades, with liquefied natural gas (LNG) becoming the sector’s biggest growth driver. The multibillion-dollar PNG LNG project is now operating well above nameplate capacity, and LNG export revenues are expected to remain a major pillar of the economy in the coming decades. Ongoing exploration activities...

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