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:

NOTE:

I suggest you read the entire article – it’s worth it. Find it here.

~ by Tavurvur on April 10, 2009.