Papua New Guinea Oil & Gas Report Q3 2016 - New Market Research Report
Fast Market Research recommends "Papua New Guinea Oil & Gas Report Q3 2016" from Business Monitor International, now available
[ClickPress, Tue Jul 19 2016] 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 dependen t on fuels imports.
The main trends and developments we highlight for Papua New Guinea's oil and gas sector are:
OilSearch is planning to take over InterOil for USD2.2bn. The deal will allow both Total and OilSearch to increase stakes in the Papua LNG project, demonstrating their confidence in the PNG LNG sector.
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Puma Energy is undertaking upgrade works at its Napa Napa refinery, following months of closure, to improve the facility's feedstock flexibility and production efficiency. The firm is also seeking government approval for a potential capacity expansion, though underutilisation of existing capacity suggests that this is unlikely to go through.
ExxonMobil is seeking to add a third train at its PNG LNG project by developing the P'nyang field - for which a final investment decision is expected to be given in 2017.
PNG will remain a net exporter of crude oil and liquids. The country's Kutubu Blend (now blended with condensates from PNG LNG) is sold to private trading firms such as BP and Trafigura for sales into the regional market, including Singapore and Australia.
The Papua New Guinea Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Papua New Guinea including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Papua New Guinea Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Papuan oil and gas industry.
Benchmark BMI's independent oil and gas industry forecasts for Papua New Guinea to test consensus views - a key input for successful budgeting and strategic business planning in the Papuan oil and gas market.
Target business opportunities and risks in the Papuan oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Papua New Guinea.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
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