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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.

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...

Insurance in Papua New Guinea remains a sector of significant opportunity. With a low penetration rate – estimated at under 2% – and the overall economy set for rapid growth as a result of ExxonMobil’s liquefied natural gas (LNG) project, demand is projected to increase over time. Other trends and events also suggest good prospects. A new...

Papua New Guinea’s insurance sector has considerable potential, not only in terms of growth in the more traditional urban, commercial and industrial markets, but also because the country has so many people who have never had exposure to insurance of any kind. As marketing, distribution and design are improved, take-up by lower-income...