LNG

LNG and tourism behind Pacific economy’s 9.9% growth:ADB

However, the report warns that growth in the Pacific is expected to fall to about 5% in 2016, as the one-off boost from the first full-year of PNG’s natural gas exports dissipates.

“Cyclone Pam and Typhoon Maysak again highlight the vulnerability of Pacific economies to disaster risks, which are the highest in the world,’ said Xianbin Yao, Director General of ADB’s Pacific Department.