Energy sector

3 major challenges in PNG’s energy sector

Minister for Communication, Technology and Energy, Sam Basil, outlined these three challenges at the recent 2nd Petroleum and Energy Summit in Port Moresby.

Minister Basil said the first major challenge is household energy access nationwide, which has been outstanding for over five decades.

The second is sufficiency of energy for industrialization, which is needed to modernise Papua New Guinea while the third is the importance of renewable energy to address the global crosscutting issue of climate change.

Asian energy firms eyeing PNG: Sonk

Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk, says there is ongoing discussions between these countries on ways to enter the energy market in PNG.

He said PNG is one of the few remaining countries in the world which has an energy resource base that is yet to be fully explored.

Speaking at the Oxford Business Roundtable early last week, Sonk said with the APEC year upon us, significant interest has been shown by these countries.