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Papua New Guinea Oil and Gas Report Q1 2016

  • ID: 3606544
  • January 2016
  • Region: Equatorial Guinea, Guinea
  • 86 pages
  • Business Monitor International
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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.

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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: Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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InterOil
Oil Search

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  • Petrobras
  • BG Group Plc.