Is Papua New Guinea a country of opportunities regarding the energy industry?
Papua New Guinea will be the setting for major changes in the energy sector very soon, because of the PNG LNG project. Papua New Guinea could be very lucrative for foreign investment in the liquefied gas market. Its a country with a lot of underexploited potential, and our report defines the existing structure of the energy sector, and the issues and prospects Papua New Guinea faces in regards to energy. How is the energy sector organized in Papua New Guinea? The energy sector in Papua New Guinea mostly depends on three main types of energy: electricity, oil and gas. The energy sector accounts for 14% of the countrys GDP. Png Power Limited is the (publicly traded) national electricity company. Because of population distribution (the majority of Papua New Guineas population occupies rural forest areas) and geographical issues; the electrification rate is still low in Papua New Guinea–only 7%. Oil Search, in which the Papua New Guinea government holds 17.6% of shares, is the largest oil
