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...
PNG Water has the task of reaching 15 districts and two towns in the next five years. What does this mean for the firm and how will you fund it?
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,...
How is the completion of the Papua New Guinea liquefied natural gas (LNG) project likely to affect the country economically and geopolitically?
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. Progress is also being made in the utilities sector, with major power generation projects and the expansion of water and sewage networks....
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