Papua New Guinea is the world’s 18th-largest producer of natural gas and the country’s output increased by 2% in 2022, over 2021. The country accounts for 0.26% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Papua New Guinea in its report, Oceania Oil and Gas Upstream Development Trends and Forecast by Project Type, Countries, Terrain and Companies, 2022-2026. Buy the report here.
Over the five years to 2022, production from Papua New Guinea increased by a CAGR of 0.67% and is expected to rise by a CAGR of 12% between 2023 and 2027.
The largest producers of natural gas in Papua New Guinea are Santos, Exxon Mobil and Kumul Petroleum. Santos was the largest producer of natural gas in 2022 with output up by 3% on 2021.
Exxon Mobil was the second-largest producer, with output up by 2%, and Kumul Petroleum was third with an increase of 2% on the previous year.
There are one natural gas producing fields in Papua New Guinea, all located onshore. The Southern Highlands has the majority of the natural gas fields in the country with one.
For more detailed analysis of natural gas sector in Papua New Guinea, buy the report here.