Development Policy Centre Policy Brief No. 10
Papua New Guinea (PNG) must adjust to lower liquefied natural gas (LNG) and oil prices to avoid a crisis. The PNG LNG project is still extremely important for the country, but because of lower prices many of the benefits of the production phase of the project have vanished – probably for at least a decade. Adjustments are urgently required in fiscal, monetary and foreign exchange policies to adapt to the changed realities.
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Flanagan, P. 2014, ‘Papua New Guinea’s vanishing LNG export boom’, Policy Brief No. 10, Development Policy Centre, Crawford School of Public Policy, Australian National University, Canberra.