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Papua New Guinea energy report

Papua New Guinea energy report
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Format
3 files (PDF report, 2 Excel files)
Pages
47 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).

Price
1 190 €

Overview

This analysis includes a comprehensive Papua New Guinea energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Highlights

  • The country targets a share of 57% of renewables in the power mix in 2027.
  • PNG committed to reach carbon neutrality by 2030 in the energy sector.
  • PPL, the state-owned power utility, owns 50% of total capacity, including 65% of hydro and geothermal.
  • Oil Search and ExxonMobil dominate the oil and gas sector.
  • PNG's power grid is fragmented and suffers from frequent outages.
  • Oil and gas represent 64% of the power mix.
  • Final energy consumption relies at 50% on biomass.
  • The electrification rate is low (19% in 2023).
  • In 2022, ExxonMobil and partners agreed to develop the large P'nyang gas field.
  • A second LNG liquefaction plant is planned.
4 GW
geothermal potential
19%
electrification rate in 2023
67%
share of generation from autoproducers

  • Energy & Climate Policy Framework

    Papua New Guinea (PNG for short) occupies the eastern half of the island of New Guinea (the western part belongs to Indonesia).

    Oil and gas is under the responsibility of the Department of Petroleum and Energy (DPE), while the National Energy Authority (NEA) is in charge of regulates the power sector.

  • Energy Companies

    Gas:

    KPHL is the national oil and gas company; it was created in 2015 to represent the State in oil and gas projects. The company was created by an Act of Parliament through the Kumul Petroleum Holdings Limited Authorization Act 2015, which replaced NPCP Holdings Limited.

    Santos and ExxonMobil are the two main gas operators.

  • Energy Supply & Demand

    Gas:

    Gas production has increased by 2%/year since 2015, reaching 14 bcm in 2023. It rose very rapidly in 2014 and 2015 with the commissioning of an export LNG plant, to 6 bcm and 11.8 bcm, respectively. In 2018, the LNG plant was stopped for almost two months following a severe earthquake.

  • Energy Use and Price by Sector

    Energy Prices in Residential:

    The average residential electricity price is 0.29 USD/kWh, a relatively high price due to reliance on expensive diesel generation, limited grid infrastructures, and electrification challenges.

  • Issues & Prospects

    In the APEC 8th edition of Energy Demand and Supply Outlook report (2022), primary energy demand is projected to increase by 2.5%/year to 6.5 Mtoe in 2050 (reference scenario).

  • Graph 1: Primary Consumption Trends by Energy Source

 

  • Graph 2: Total Consumption Market Share by Energy (2023)

 

  • Graph 3: Installed Electric Capacity by Source

 

  • Graph 4: Installed Electric Capacity by Source (2023)

 

  • Graph 5: Gross Power Production by Source & Consumption

 

  • Graph 6: Power Generation by Source (2023)

 

  • Graph 7: Crude Oil Production & Consumption

 

  • Graph 8: Petroleum Products Production & Consumption

 

  • Graph 9: Gas Production & Consumption

 

  • Graph 10: GHG Emissions and CO2-energy Emissions

 

  • Graph 11: Final Demand Trends by Energy Source

 

  • Graph 12: Final Consumption by Sector

 

  • Graph 13: Final Consumption Market Share by Sector (2023)

 

  • Graph 14: Final Consumption in Industry by Energy Source

 

  • Graph 15: Final Consumption in Transport by Energy Source

 

  • Graph 16: Energy Prices Including Taxes in Transport

 

  • Graph 17: Final Consumption in Residential, Services, Agriculture by Energy Source

 

  • Graph 18: Upcoming New Capacity by Energy Source

 

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Papua New Guinea energy market data since 1990 and up to is included in the Excel file accompanying the Papua New Guinea country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Papua New Guinea Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Papua New Guinea energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).