Regional focus

E. Gerden, Contributing Writer The decline of global oil prices has resulted in the suspension of many LNG projects throughout the world. However, LNG production remains profitable in several countries, one of which is Papua New Guinea (PNG). Australia has traditionally been the largest foreign investor in PNG, with investments over several decades totaling approximately $20 B. A significant portion of this sum was invested in the development of PNG’s mineral resource base. However, in recent years, the situation has changed, as investors from many Western countries have expanded their presence in PNG’s promising LNG industry. Ongoing gas production and LNG operations in PNG. Among the co