Papua New Guinea Oil and Gas Report

 Published On: Jan, 2016 |    No of Pages: 86 |  Published By: BMI Oil and Gas | Format: PDF
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BMI View: Expansions to ExxonMobil's PNG LNG project and the likely commencement of production at Total's Elk-Antelope gas field will lead a dramatic growth in PNG's natural gas production and LNG exports over the next 10 years.

The main trends and developments we highlight for Papua New Guinea's oil and gas sector are:

A significant ramp-up in its LNG exports, driven by the likes of PNG LNG and Papua LNG projects, is set to propel PNG to become the third largest LNG exporter in the Asia-Pacific from 2021, overtaking Indonesia.

Despite underinvestment in oil developments, PNG's crude oil and liquids production will remain largely stable over 2015-2024, supported by associated condensates output from gas developments associated with large LNG export ventures.

The Elk-Antelope joint venture (JV) has chosen Caution Bay near Port Moresby as the site to construct PNG's second standalone LNG export terminal, Papua LNG, once a FID is made.

The JV is targeting FID in 2016-2017.

BMI Industry View
Table: Headline Forecasts (Papua New Guinea 2013-2019)
SWOT
Oil & Gas
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Table: Proven Oil and Gas Reserves (Papua New Guinea 2013-2018)
Table: Proven Oil and Gas Reserves (Papua New Guinea 2019-2024)
Upstream Projects
Table: Papua New Guinea - Key Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
Table: Oil Production (Papua New Guinea 2013-2018)
Table: Oil Production (Papua New Guinea 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
Table: Gas Production (Papua New Guinea 2013-2018)
Table: Gas Production (Papua New Guinea 2019-2024)
Refining
Latest Updates
Structural Trends
Table: Refining Capacity and Refined Products Production (Papua New Guinea 2013-2018)
Table: Refining Capacity and Refined Products Production (Papua New Guinea 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
Table: Refined Products Consumption* (Papua New Guinea 2013-2018)
Table: Refined Products Consumption* (Papua New Guinea 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
Table: Gas Consumption (Papua New Guinea 2013-2018)
Table: Gas Consumption (Papua New Guinea 2019-2024)
Trade - Oil
Crude Oil
Latest Updates
Structural Trends
Table: Crude Oil Net Exports (Papua New Guinea 2013-2018)
Table: Crude Oil Net Exports (Papua New Guinea 2019-2024)
Refined Fuels
Latest Updates
Structural Trends
Table: Refined Fuels Net Exports (Papua New Guinea 2013-2018)
Table: Refined Fuels Net Exports (Papua New Guinea 2019-2024)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
Table: Gas Net Exports (Papua New Guinea 2013-2018)
Table: Gas Net Exports (Papua New Guinea 2019-2024)
Industry Risk Reward Index
Industry Risk/Reward Index
Table: Asia: Upstream Risk/Reward Index
Table: Asia: Downstream Risk/Reward Index
Papua New Guinea - Risk/Reward Index
Upstream Index
Downstream Index
Market Overview
Papua New Guinea Energy Market Overview
Regulatory Structure
Licensing Regime
Table: O&G Licenses In PNG
Fiscal Regime
Table: Papua New Guinea Fiscal Regime
Oil And Gas Infrastructure
Table: Oil Refineries
Service Stations
Oil Storage
LNG Terminals
Table: LNG Terminals in Papua New Guinea
Gas Pipelines
Competitive Landscape
Table: Key Players - PNG Oil And Gas Sector
Table: Upstream Players
Table: Downstream Players
Company Profile
InterOil
Oil Search
Other Summaries
Regional Overview
Asia - Weak Oil Prices Will Hit Region's Long-Term O&G Production
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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