The PNG energy sector is flourishing, with the PNG Expo providing networking opportunities for industry suppliers and contractors. Key exhibitors and significant gas development projects highlight the region’s potential. Major companies like Santos are advancing resources, emphasizing the thriving nature of PNG’s gas industry.
The energy sector in Papua New Guinea (PNG) is thriving, presenting ample opportunities for suppliers and contractors. The forthcoming Papua New Guinea Industrial and Mining Resources Exhibition and Conference (PNG Expo), scheduled for July 2-3 at the Stanley Hotel in Port Moresby, aims to facilitate networking and business growth within this promising region. The event will feature a meticulously curated exhibition space alongside an engaging speaker program, further enriched by various networking opportunities.
Prominent exhibitors such as Metso, Blackwoods, Sandvik, Dreager, Lincom, and Putzmeister have already confirmed their participation, with additional companies expected to join. TriCab, a leading supplier of high-performance flexible cable and accessories, has also renewed its sponsorship for 2025, underscoring the expo’s importance.
The resource industry is a pivotal force driving economic growth in PNG, having significantly evolved since the 1900s. This sector has yielded substantial finds of gold, copper, silver, nickel, and oil and gas. Currently, major developments are underway, such as the Angore gas development, a joint venture project involving Santos, ExxonMobil, Kumul Petroleum Holdings, Mineral Resources Development Company, and JZ Nippon. This project aims to exploit a natural gas resource of one trillion cubic feet, enabling a daily output of 350 million standard cubic feet to support the stable production of PNG LNG.
Since its commencement in April 2014, PNG LNG has delivered over 83 million tonnes of LNG to the Asian market and boasts an investment value exceeding $19 billion. In 2024, it will celebrate a decade of production, continually surpassing its nameplate capacity by 30%. Santos Managing Director and CEO Kevin Gallagher noted that the success at Angore highlights the abundant gas resources within PNG’s Hela province and the company’s strategic advancement in several other gas developments.
Gallagher stated, “Associated gas from Agogo and Moran could deliver at least another 125 mmscf per day and we are working to make this development final investment decision-ready by 2026.” Furthermore, ongoing drilling at the Hides Footwall well presents additional potential output. Santos is also eyeing gas fields such as P’nyang, Muruk, and Juha to ensure continuous production of PNG LNG, affirming their advantageous positioning in the industry.
The extensive developments by Santos and other energy leaders contribute to the industry’s appeal, prompting significant interest in the upcoming PNG Expo.
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In summary, Papua New Guinea’s energy sector is expanding rapidly, with significant opportunities for stakeholders at the upcoming PNG Expo. Established companies are investing heavily in gas developments, highlighted by successful projects like the Angore gas development, which promises to enhance LNG production. With numerous projects in progress and strategic developments planned, PNG remains a land of opportunity for suppliers and contractors in the resources industry.
Original Source: www.pipeliner.com.au
