Although Papua New Guinea relies mostly on fuel oil and diesel to generate electricity, it holds an abundance of gas, geothermal, hydro and solar energy potential. If exploited sustainably, PNG could not only meet its domestic energy requirements, but also supply reliable, cost-competitive power to its neighbours. The extractives industry is the highest consumer of energy, at...
A number of final investment decisions expected in the short and medium terms have the potential to galvanise Papua New Guinea’s economy. State-owned oil and gas company Kumul Petroleum Holdings (KPH), is at the forefront of efforts to create an energy hub in the Western and Gulf Provinces, known as the Kikori Energy Hub. In addition, a number...
Reducing reliance on energy imports and addressing the shortage of power is major goal for Papua New Guinea. To this end, the National Executive Council approved a draft of the PNG Natural Gas Policy White Paper in April 2018, which seeks to better manage the growing oil and gas industry, while deriving more benefits on the domestic front....
Shaped by shifts in supply and demand, Papua New Guinea’s economy has relied heavily on mineral extraction for most of its modern history. On the back of increased gold, copper, nickel and cobalt production, mining revenue expanded by 18.8% in 2017. As prices rebound, growth in mining activity comes at an important juncture, boosting export...
Estimating the long-term global demand for cobalt, copper and nickel is a challenging task. While the rise of electric vehicles (EVs) in recent years has increased demand for the metals used in the production of lithium batteries, technological advances could alter the components used in their makeup. Despite that concern, the demand for these...
On the back of rising demand for metals due to the development of electric vehicles and storage batteries, the search for new sources of supply has grown in recent years. Home to significant reserves of the copper, nickel and cobalt required, Papua New Guinea is looking to expand production with the world’s first deep-sea mining project and...
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