It is possible Mr Au. Marape came to power on the back of wild promises to redirect mining royalties to the people, to take back PNG and to make everyone rich.
He has spectacularly failed and the lack of new investment in PNG is one of the outcomes.
The Western LNG Project would have been a huge driver of economic activity and electrification in the Western Province and beyond. With the legalised capacity to use third party (read: PNG LNG Project) infrastructure it would not cost billions as directors are now claiming.
There will be a new regime and a rethinking of PNG development. The direction of clawing back resources has failed so will the new direction be to open up PNG by supporting new projects that drive economic growth?
It's possible and if that happens Horizons sold assets will be very valuable,
Selling them off cheaply was always a rash decision when PNG politics were so volatile.
Ann: Sale of PNG Interests, page-63
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