What have been the most significant developments in the energy sector over the last 25 years?
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Interviews & Viewpoints | Peter Botten, Managing Director, Oil Search: Interview from The Report: Papua New Guinea 2019
Articles & Analysis | International partnership seeks to boost access to electrictiy in Papua New Guinea from The Report: Papua New Guinea 2019
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...
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.
In early September Thailand, Laos and Malaysia agreed to extend the Laos-Thailand-Malaysia Power Integration Project (LTM-PIP), pushing Thailand closer to its goal of becoming a regional power hub.