The Internal Demand Side of Oil & Gas Is Critical For Economic Development In PNG!
by Mykalg Walghe PNG has recently joined the few elite and prestige club of oil and gas producing countries in the world comprising of both developed ( US) and developing (South American & Arab Countries) as a significant producer of oil and gas and we as a nation should be proud of the achievement and classification of our country as such. With the very first discovery, production and export of Kutubu and Gobe Oil and the very recent production and export of the multi-billion Kina LNG and two new LNG ( Papua and Elk & Antelope) Projects in the pipeline to be developed soon, PNG is held in high regard by both petroleum investors as well as consumers of oil and gas the world over, making it one of the best and viable hydrocarbon investment destinations in the world. One determining factor that makes hydrocarbon investment and for that matter mineral investment in PNG more attractive is the legislative regime that governs these sectors which favors foreign investors mor