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[$$] As Gas Boom Falters in Papua New Guinea, China Steps In

When Papua New Guinea joined the ranks of the world’s significant energy exporters four years ago, the government was betting on a revenue windfall it hoped would transform the impoverished South Pacific nation better-known for jungles, violence and corruption. A 7.5-magnitude earthquake in February that killed more than 100 people and left 300,000 homeless further strained government resources. To bridge the revenue gap and revive its slowing economy, Papua New Guinea has increasingly turned to China.