Our comprehensive assessment of Papua New Guinea's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Papua New Guinea, as well as the latest industry developments that could impact Papua New Guinea's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Papua New Guinea before your competitors.
Papua New Guinea Industry Coverage (1)
Oil & Gas
Papua New Guinea Oil & Gas
BMI View: Strong output growth from fields associated with large LNG export projects will allow PNG's net LNG exports to more than double over the next decade. The country is on course to overtake Indonesia and Brunei, by 2022 and 2019 respectively, to become the third largest LNG exporter in Asia. Condensates output from these gas developments will allow PNG to remain a net exporter of crude oil and liquids, though underutilisation of existing refining capacity means that the country remains dependent on fuels imports.