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....
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Articles & Analysis | Papua New Guinea's new government seeks to boost returns from resource projects for the broader economy from The Report: Papua New Guinea 2019
Articles & Analysis | Renewable energy sources continue to rise among developing economies from The Report: Papua New Guinea 2019
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...
Interviews & Viewpoints | Hiroshi Hosoi, CEO, JX Nippon Oil & Gas Exploration Corporation: Interview from The Report: Papua New Guinea 2019
How do long-term supply contracts for liquefied natural gas (LNG) in the Asian market affect the energy sector in Papua New Guinea?
Articles & Analysis | Papua New Guinea makes progress in renewables but hydrocarbons projects remain the focus from The Report: Papua New Guinea 2019
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...
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 45% of the total...
Efforts to improve public governance are gradually bolstering confidence in Papua New Guinea’s economy, despite national performance being heavily dependent on the extractive industries. Backed by macroeconomic development plans, Prime Minister James Marape’s administration is seeking to improve debt management, reduce foreign exchange imbalances, widen access to social services and provide greater employment opportunities.