Energy

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A rapidly expanding population and the corresponding strong economic growth are putting increasing pressure on Papua New Guinea’s overstretched power sector. Already registering annual growth in power consumption of around 5%, according to Chris Bai, executive advisor at PNG Power (PPL), demand is only expected to rise in the coming years. “The...

In a bid to reduce the negative environmental externalities associated with heavy coal-fired electricity generation, South Africa is stepping up efforts to increase the role renewable energy plays in its increasingly overstretched electricity sector, pushing ahead with a series of programmes aimed at harnessing the nation’s vast alternative resources.

The largest of the Pacific Island nations, Papua New Guinea (PNG) occupies the eastern half of New Guinea and hundreds of nearby islands. A mountainous and forested terrain has led to astonishing cultural and linguistic diversity, even as it inhibited development. 

Chapter | Mining from The Report: Papua New Guinea 2012

Mining has long been the mainstay of the PNG economy, representing more than two-thirds of the government’s revenues in 2011. Moreover, with its top commodities of gold and copper selling at near-record prices on global markets, the country is drawing increased attention from resource firms. Indeed, more than half of the country’s land area is covered by mining permits in the application process...

Chapter | Energy. from The Report: Papua New Guinea 2012

The energy sector in PNG, which has seen declining production for decades, is set to become a major driver of the economy as new investments come online. Gas is now the focus, with the $15.7bn ExxonMobil-led PNG LNG project due to start production in 2014. The megaproject has driven construction growth and set off a real estate boom in the nation’s capital thanks to an influx of foreign...
Faced with rising energy consumption, Turkey’s government has moved to meet growing demand by sealing a key gas pipeline deal with neighbouring Azerbaijan and stepping up efforts to diversify its power sources away from hydrocarbons imports.

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