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
Interviews & Viewpoints | Wapu Sonk, Managing Director, Kumul Petroleum: Interview from The Report: Papua New Guinea 2019
How will the energy sector prepare for the growing demand for liquefied natural gas (LNG)?
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 | Peter Botten, Managing Director, Oil Search: Interview from The Report: Papua New Guinea 2019
What have been the most significant developments in the energy sector over the last 25 years?
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...