Expectations are high for Brunei Darussalam’s downstream energy sector, as Pulau Muara Besar (PMB) island prepares to welcome the country’s first oil refinery and aromatics cracker complex, highlighting the Sultanate’s growing potential as a destination for value-added processing.
Following successful completion of the Papua New Guinea liquefied natural gas project, the country is experiencing a surge of optimism about foreign investment and overall economic growth. PNG remains favoured by its traditional investors such as Australia, but it is increasingly a target for new players, including China and Japan.
For a country that relies heavily on hydrocarbons exports as a major revenue stream, Papua New Guinea has an electricity sector surprisingly reliant on renewable energy. This is more from necessity than from any overriding imperative to develop clean energy; PNG has little in the way of tailored incentives like feed-in tariffs or a “green...
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...
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