What is Papua New Guinea's energy project?

The project will bring electricity to rural households; expand renewable energy generation; support the modernization of the country’s electricity infrastructure; and benefit households, businesses, and communities across the nation. “This project represents a major step forward for Papua New Guinea’s energy future.

How much wind power does Papua New Guinea have?

Wind Power Density of Papua New Guinea at 100 meters, as published by the Global Wind Atlas. According to the International Finance Corporation's Powering the Pacific report, PNG has vast untapped renewable energy potential. Estimates are as follows: Hydropower: Gross potential of 20,000 MW, with a technically feasible potential of 14,000 MW.

What will Papua New Guinea do by 2030?

By 2030, PNG aims to increase renewables to 78% of the national energy mix. Papua New Guinea aims to transition its energy sector to carbon neutrality by: Moreover, Papua New Guinea has outlined four main actions to achieve Sustainable Development Goal 13 (Take urgent action to combat climate change and its impacts):

Why is png important for US exports?

The Wafi-Golpu Copper and Gold Mine, Porgera Gold Mine, and the development of the P’nyang LNG project provide opportunities for U.S. exports in heavy machinery, trucks, and other mining and energy equipment. PNG’s principal metal exports – cobalt, nickel, and copper – are all important to the renewable energy and battery storage markets.

Does Papua New Guinea have oil & gas extraction projects?

According to Global Energy Monitor's Global Oil and Gas Extraction Tracker (March 2024 release), Papua New Guinea has five discovered oil and gas extraction projects: the Pasca Oil and Gas Field, the Stanley Oil and Gas Field, the Kutubu Oil Project, the P’nyang Gas Field, and the Elk-Antelope Gas Field.

What is the Papua New Guinea electrification partnership?

PNG Electrification Partnership: Founded in 2018, the Partnership aims to support Papua New Guinea's goal of 70% household electrification by 2030. Partners include Papua New Guinea, Australia, the United States, New Zealand, and Japan.