There were 112 results found for Papua New Guinea and Energy

There were 112 results found.

Analysis

International partnership seeks to boost access to electrictiy in Papua New Guinea
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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 to counter the growing…

Overview

Renewable energy sources continue to rise among developing economies
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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 developed countries, however,…

Overview

Papua New Guinea makes progress in renewables but hydrocarbons projects remain the focus
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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, followed…

Overview

Renewable energy sources continue to rise among developing economies
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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…

Interview

Wapu Sonk, Managing Director, Kumul Petroleum: Interview
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Interview:Wapu Sonk How will the energy sector prepare for the growing demand for liquefied natural gas (LNG)? WAPU SONK: Papua New Guinea is well known for its extensive and profitable gas fields. While our LNG reserves are lower than those found in Qatar or Mozambique, for example, we have a significant amount of discovered gas, and that allows us to play an increasingly important role in…

Interview

Hiroshi Hosoi, CEO, JX Nippon Oil & Gas Exploration Corporation: Interview
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Interview:Hiroshi Hosoi How do long-term supply contracts for liquefied natural gas (LNG) in the Asian market affect the energy sector in Papua New Guinea? HIROSHI HOSOI: The LNG development project in PNG includes a large number of long-term sale and purchase agreements (SPAs), which have historically been used to determine the sources of project financing. However, we recognise that the current…

Chapter

The Report: Papua New Guinea 2019: Energy
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Country Report

The Report: Papua New Guinea 2019
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Papua New Guinea has seen a mixed performance over the last 12 months, with the extractive industries recovering from the impact of the 2018 earthquake, while political uncertainty contributed to fluctuating investor confidence. It remains to be seen to what extent Prime Minister James Marape and his recently reshuffled government will enact far-reaching reforms to laws and regulations governing t

Economic News

The $13bn development set to double PNG’s LNG production capacity

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. On April 9 PNG’s government signed an agreement with Total, ExxonMobil and the Australian Securities Exchange-listed Oil Search, setting out the terms and conditions for the development…

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There were 112 results found for Papua New Guinea and Energy

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