Energy
According to the Solar Energy Association of Papua New Guinea (SEAP), there needs to be an increased focus on renewable energy projects. The association says that currently, foreign investors are targeting green energy, but PNG’s institutional structures aren’t doing enough. Renewable projects have numerous advantages, and these opportunities need to be embraced. President of SEAP Christain Lohberger said, “PNG was one of the first countries to sign the Paris Agreement
Paul Barker, the executive director of the Institute of National Affairs (INA), has said that all resource projects need to be examined and assessed. This assessment applies to both extractives and significant renewable energy projects like hydropower. The INA director said this was crucial as projects must provide a net benefit to the nation. Resources should create jobs and increase revenues and economic benefits, but this needs to be balanced
Over 56,000 people in Rigo, particularly Hula communities in Central Province, now have power thanks to the rural electrification grid initiative. According to Rigo MP Lekwe Gure, the project cost K20 million ($9 million NZ dollars) and has now been completed thanks to PNG Power Limited (PPL) and the New Zealand Government. Mr Gure said that the project has now been finished, and the K20 million has allowed 23% of
Prime Minister Hon. James Marape has announced the payment today (March 10 2022) of K33.7 million – K19.7 million cash and K14 million project component – to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela. The payment was made through the Mineral Resources Development Company (MRDC). PM Marape said PDL 7 was one of a series of upstream PDLs that had been problematic with ongoing
Structural reforms to improve energy production and tap into Papua New Guinea’s alternative power-generation sources continue as the new National Energy Authority (NEA) moves from strength to strength within one year of its establishment. Minister for Energy and Rural Electrification Hon. Saki Soloma today provided an update to the country on the progress of NEA since its two enabling legislations, the National Energy Act 2021 and the Electricity Industry Amendment
The Papua New Guinea Chamber of Mines and Petroleum has congratulated all parties involved in the execution of a gas agreement for developing the P’nyang Project. Signatories included joint venture partners Santos, ExxonMobil, JX Nippon, and the PNG government. The agreement was signed at Government House in Port Moresby by Prime Minister Marape, Petroleum Minister Kerenga Kua, Peter Larden from ExxonMobil, and Brett Darley from Santos. The agreement is a
Karenga Kua, PNG’s Petroleum Minister, attended a virtual meeting with China’s Sinopec in Beijing recently. Minister Kua and Wapu Sonk, the Managing Director of Kumul Petroleum, met with the Senior Vice President of Sinopec to discuss various aspects of Papua New Guinea’s petroleum business. Among the topics discussed were Sinopec’s interest in additional long-term LNG contracts for the PNG LNG project. The Chinese petroleum giant was the first LNG customer
Hulala Tokome, the manager of Puma Energy PNG – Papua New Guinea’s largest fuel and energy provider – has claimed that crude price fluctuations directly influence the energy market’s import parity pricing. This is a pricing mechanism based on the opportunity cost of imported replacement products and is used to establish domestic sales prices. Mr Tokome said the fluctuating price of oil is being felt across the globe. He added
Power supply from the Ramu Hydropower Station into Kundiawa, Minj, Banz, Mt Hagen, Ialibu, Mendi and Wabag was fully restored by 2.30pm this afternoon. Restoration time took longer than expected due to bad weather conditions and challenges on site however the team managed to ensure power supply was fully restored after 7 days. Tower 101 at Dumum Village in Chimbu Province was brought down to the ground by fallen trees
PNG Prime Minister James Marape and a string of high-powered PNG dignitaries were on hand to cut the ribbon to mark the launch of the NiuPower Gas Plant near Port Moresby. The PM was joined by Oil Search managing director, Peter Botten and Kumul Petroleum Holdings managing director, Wapu Sonk for the ribbon cutting ceremony. NiuPower is a joint venture by Oil Search Limited and Kumul Petroleum Holdings. NiuPower is
