Papua New Guinea is on track to double its liquefied natural gas (LNG) production capacity following a recent agreement with energy majors, although opposition to the deal may slow down the development process.
Papua New Guinea Energy
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While Papua New Guinea continues to boost the role of renewables in line with long-term sustainable energy targets, gas-fired generation is also set to increase in order to meet current shortfalls in electricity supply.
Economic update | Papua New Guinea taps renewables and gas to satisfy growing energy demand
23 Jun 2017
Rising demand and a need to boost connectivity to the national grid are driving rapid expansion in Papua New Guinea’s electricity sector, with a range of sources tapped to meet the government’s power access targets.
A new wave of investments in Papua New Guinea’s energy sector could see some $19bn of projects launched in the coming years, boosting the country’s liquefied natural gas (LNG) output and providing employment to thousands.
Public and private sector efforts are under way to increase Port Moresby’s electricity supply ahead of the Pacific Games in July, as the Papua New Guinea government tries to allay fears that the major sporting event could be disrupted by blackouts.
Economic update | Papua New Guinea steps on the gas
10 Dec 2014
A surge in liquefied natural gas (LNG) exports is expected to nearly treble the pace of economic growth in Papua New Guinea in 2015 putting the South Pacific island nation at the top of the league of fast-growing economies and helping it bridge a widening budget deficit.