The quality of a destination’s transport infrastructure is key to attracting foreign investment. In Papua New Guinea this is an area with room for improvement. The poor condition of roads, ports and airports has raised the cost of doing business and rendered a number of sectors of the economy increasingly uncompetitive. Because of this, inland transport costs currently account...
Improving internal air connectivity has been identified as a priority for government in Papua New Guinea. Under the Medium-Term Development Plan (MTDP) there are a number of key targets to be achieved by 2030. These include: ensuring all 22 national airports meet international safety standards, upgrading 10 domestic airports to handle large jet planes and rehabilitating 50...
After a series of delays and missed deadlines, the government signed a deal with France’s Total, US-headquartered ExxonMobil and Papua New Guinea-based Oil Search in April 2019 for the development of a $13bn greenfield liquefied natural gas (LNG) project known as Papua LNG. The news was welcomed by foreign investors and marked a milestone for the country ‘s energy sector....
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies has historically been led by...
The Papua New Guinea Electrification Partnership (PEP) is a $1.7bn aid programme financed and supported by Australia, Japan, New Zealand and the US that aims to connect 70% of PNG’s population to electricity by 2030. The international partnership was sealed during the November 2018 APEC Leaders’ Summit in Port Moresby, and is widely seen as an attempt by the US and its allies...
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...
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