Papua New Guinea Energy Sector Research Highlights

Overview

Will gold offset the impact of Covid-19 in Papua New Guinea?
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Alongside the upstream energy sector, mining has long served as the backbone of Papua New Guinea’s economy. In 2019 the mining and quarrying sector accounted for 10.3% of GDP and was a major source of foreign exchange (forex) earnings, according to the IMF. Like the other extractive industries, mining has emerged as a priority for reform under the administration of Prime Minister James Marape,…

Overview

Investment opportunities in Papua New Guinea’s energy sector
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Papua New Guinea’s economic development has long been underpinned by its resource wealth, but a change in government in May 2019 has created fresh momentum for diversification. Since his election, Prime Minister James Marape has made clear his intention to secure greater revenue for the government from future extractive projects, with the aim of nurturing economic growth and investing in…

Interview

John Lewins, CEO, K92 Mining: Interview
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Interview:John Lewins What changes do you anticipate in regional demand for gold and copper when taking into account industrial activity growth in Asia? JOHN LEWINS: India has traditionally been a major source of demand for gold, especially during wedding season. The growing middle class in India will have a positive impact on gold demand in the commercial sector. This growth in other Asian…

Analysis

How Papua New Guinea is benefitting from LNG projects
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Papua New Guinea first started producing liquefied natural gas (LNG) in April 2014 when the flagship $19bn PNG LNG project came on-line months ahead of schedule. With the project exceeding export expectations, the focus has now shifted to two new projects, which would more than double the country’s LNG production capacity if they come to fruition. However, as the government is determined…

Interview

Keiran Wulff, Managing Director, Oil Search: Interview
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Interview:Keiran Wulff In what ways has the Covid-19 pandemic impacted business operations in Papua New Guinea? KEIRAN WULFF: Like most companies in the oil and gas sector, the pandemic forced us to quickly review all areas of business, particularly our cost base. These included the capital programmes we had planned for 2020, our approach to supporting production operations and our management…

Chapter

The Report: Papua New Guinea 2020: Energy
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Papua New Guinea’s development has been driven by its resource wealth and, while policymakers are focused on long-term diversification, extractive industries still underpin the economy. Since his election, Prime Minister James Marape has made clear his intention to secure greater revenue for the government from future extractive projects, with the aim of nurturing economic growth and investing…

Chapter

The Report: Papua New Guinea 2020: Mining
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Alongside the upstream energy sector, mining has long served as the backbone of Papua New Guinea’s economy. In 2019 the mining and quarrying sector accounted for 10.3% of GDP and was a major source of foreign exchange earnings. Like the other extractive industries, mining has emerged as a priority for reform under the administration of Prime Minister James Marape. The country has significant deposits…

Country Report

The Report: Papua New Guinea 2020
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The government of Papua New Guinea faces some challenges in 2020, with the electorate calling for improvements to social and economic infrastructure, and greater efforts to combat both real and perceived corruption. Despite these difficulties, PNG’s resource wealth and strategic location between the industrial centres of north-east Asia, the rising economies of the Association of South-east Asia

Global Platform

Wapu Sonk, Managing Director, Kumul Petroleum Holdings

In this Global Platform video, Wapu Sonk, managing director of Kumul Petroleum Holdings, talks about PNG’s advantages as a strategic location for extractive industries. With a stable government, popular support for upcoming projects and plans to invest $20bn in the sector, PNG is well placed to benefit from growing demand in the Asia-Pacific region. Sonk also discusses plans to secure three new LNG

Interview

Peter Botten, Managing Director, Oil Search: Interview
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Interview:Peter Botten What have been the most significant developments in the energy sector over the last 25 years? PETER BOTTEN: In the early 1990s Papua New Guinea was just starting to produce energy after many years of exploration. Kutubu was the first oilfield to make revenue, in 1992. At the time energy was a very young industry and almost all resources had to be flown into PNG, but it was…

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Papua New Guinea Energy Sector Research Highlights

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