PNG Oil & Gas Industry Overview

REGIONAL & GLOBAL OUTLOOK Global Energy demand for Energy will increase, more so in the Asia-Pacific Region → Fossil Fuel sources of energy dominance will continue throughout the coming decades and so will efforts in Renewable energy Climate Change initiatives are leaning towards renewables and cleaner sources of energy; Gas being the cleaner fossil fuel source. Mitigation strategies and technologies such as CCS/CCUS are now becoming a condition for petroleum projects development and financing. ⚫ LNG demand will double due to it's convenience in transporting gas to the geography of the world and regions. 3

View entire presentation