Papua New Guinea (PNG) has become an international investment hotspot according to a report released by Oil Search Limited, an oil and gas exploration and development company that has been operating in PNG since 1929.
The situation was attributed to the competitive fiscal terms anticipated for LNG expansion options and continued strong regional demand for LNG supply from PNG.
Asia region remains the biggest consumer of PNGLNG.
A report released today by Oil Search Limited (OSH), says that PNG LNG is well ahead of production schedule and this puts the country in the spot light for international investors.
PNG LNG Project production has commenced with the first LNG sales expected soon.
PNG LNG transforms OSH into significant LNG exporter with steady 20+ year cash flow stream, sufficient to fund both growth opportunities and pay materially higher dividends.
Highlands and PRL 15 LNG expansion opportunities being matured. Potential involvement in two, possibly three, additional high returning LNG trains by end of decade”
This makes PNG an exciting investment hot spot for international investors” says the report.