PAPUA New Guinea’s economy has benefited enormously from the ExxonMobil-led PNG liquefied natural gas project, but LNG is not the only natural resource that the Pacific nation produces, writes Russell Searancke.
LNG had been expected to totally dominate PNG’s resource export landscape, but the downturn in gas prices has meant that, in 2016, PNG’s gold exports fetched 6.77 billion kina in revenue (US$2.1