PNG LNG: What Could PNG’s Pipeline Bring?
Chris Wright (CW) of Euromoney has written a BRILLIANT article on the PNG LNG project and some of the numerous effects it will have on the people and government of Papua New Guinea – from its spin-off effects to stimulating economic growth and reducing public debt to the risk of Dutch Disease and enormous strain on our already overloaded infrastructure.
The article has copy/paste protection so I couldn’t copy it to this post directly – what I’ve done instead is select excerpts of the article which are presented below.
CW on PNG LNG doubling PNG’s GDP and the enormity of the project:
CW on PNG LNG and it’s spin-off effects – both good and bad:
CW on the risk of Dutch Disease and PNG LNG:
CW on PNG LNG helping to reduce public debt:
CW on foreign banks in PNG and the country’s tourism potential:
I suggest you read the entire article – it’s worth it. Find it here.
~ by Tavurvur on April 10, 2009.
Posted in PNG Gas
Tags: Banking Industry, Budget Revenues, Central Bank, Chris Wright, Copy/Paste Protection, Department of Treasury, Development Costs, Diving, Dutch Disease, Euromoney, Fiji, Foreign Banks, Gas, GDP, Growth, IMF, Increase, Infrastructure, Investment Promotion Authority, IPA, LNG, Multinationals, Papua New Guinea, PNG LNG, PNG LNG Project, PNG's GDP, Pomaleu, Project, Public Debt, Scenary, Secretary, Simon Tosali, Surfing, Tourism, Wealth