Continued economic growth in recent years is driving demand for electricity across PNG, straining the capability of the country’s primary grid networks. The widely dispersed population and geographic challenges continue to pose formidable barriers to increasing electrification, while the small but growing capacity serving the main urban areas is...
A common thread to Papua New Guinea’s two largest energy projects to date – the PNG liquified natural gas (LNG) mega-project and the upcoming Elk-Antelope play – is that while both are now controlled by energy supermajors Exxon and Total, neither was originally discovered by their current operators. Like the development of new “elephant”...
With thousands of kilometres of rivers and monthly average rainfall often exceeding 300 mm, Papua New Guinea is well suited for hydropower production. Unfortunately, the same geography and climate that makes the country conducive for power development also creates barriers to its development. Most notably its rugged features pose significant...
Much of the rapid growth that has occurred over the past decade across a wide swath of Papua New Guinea’s economy has been either directly or indirectly the result of massive investments and projected future earnings of the ExxonMobil PNG liquefied natural gas (LNG) project. As this project prepares for its first delivery starting in 2014,...
As the energy industry takes on an increasingly important role within the economy, the government of Papua New Guinea has been moving in recent years to update its regulatory framework for the sector through the creation of new government entities and an overhaul of related laws. Under the current Oil and Gas Regulation of 2002, which updated...
The near future will bring positive change for the energy sector and the economy as a whole as the investment and construction phase of the $19bn Papua New Guinea liquefied natural gas (LNG) project winds down and the first shipments of gas begin to flow from the ExxonMobil facility. Even with the optimism surrounding this signature...
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