Papua New Guinea Oil and Gas Report Q4 2015

Published Pages Publisher Report code
Oct 2015 111 Business Monitor International ASDR-223519
Papua New Guinea Oil and Gas Report Q4 2015

Our 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:
• Gas developments will propel PNG to overtake Indonesia and Brunei in 2021 and 2019 respectively, to
become the third largest LNG producer and exporter in the Asia-Pacific region, behind Australia and
Malaysia.

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