Energy
Papua New Guinea is increasingly prioritizing renewable energy investments to diversify its energy portfolio and enhance energy security amidst global sustainability trends.
Papua New Guinea (PNG for short) occupies the eastern half of the island of New Guinea (the western part belongs to Indonesia). The energy sector is under the control of the Department of Petroleum and Energy (DPE), through two main divisions: Petroleum Division (oil and gas) and Energy Division (electricity and renewables).
PPL, the state-owned power utility, owns 440 MW of 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. Total energy consumption is predominantly made up of oil and biomass.
The energy sector is under the control of the Department of Petroleum and Energy (DPE), through two main divisions: Petroleum Division (oil and gas) and Energy Division (electricity and renewables). PPL, PNG Power Limited, is the integrated state-owned power company.
PNG's power grid is fragmented and suffers from frequent outages. Oil and gas represent 64% of the power mix. Total energy consumption is predominantly made up of oil and biomass. The electrification rate is low.
Papua New Guinea is increasingly prioritizing renewable energy investments to diversify its energy portfolio and enhance energy security amidst global sustainability trends.
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