PNG Oil & Gas Industry Overview
Conclusion
The Department shares the Government's Vision and we are
willing to implement policies to achieve the set targets and
goals in the Petroleum sector.
Papua New Guinea has potential to be the next Petroleum and
Energy hub of the Asia-Pacific Region;
We aspire to make and facilitate more exploration and
discoveries and supply the region's and our domestic energy
and petrochemical needs for decades to come.
⚫ We aim for all developments in this sector to be sustainable,
embracing climate change mitigation factors and set targets
and with minimal environmental footprint.
⚫ The Government's targets are to achieve 70% access to
electricity in PNG and 100% renewable energy by 2050.
⚫ We invite all genuine investors to come to PNG and help us
develop our energy industry
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