Pacific · PNG
Papua New Guinea
PNG LNG to Asia. Highlands gas that never needed Hormuz.
Oil production
0.0 mb/d
0.0 mb/d demand
Net oil
0.0 mb/d
Export surplus
Gas production
12 bcm
Net +12 bcm
O&G rent
9.0%
Fiscal breakeven $40
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.0 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production12 bcm
Consumption0.4 bcm
Proven oil
0 bn bbl
Gas reserves
0.2 tcm
Refining
0.0 mb/d
LNG
8 bcm export
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil74%
- Gas26%
Economy
Exxon and Santos pay the state. Papua LNG is the next train — if politics allow.
- GDP
- $0.0 tn
- Population
- 10.4 m
- Oil intensity
- 0.5 bbl /$1k
- Oil & gas rent
- 9.0% GDP
- Hydrocarbon trade
- -8.0% GDP
- Fiscal breakeven
- $40 /bbl
- $30 oil shock
- +1.2 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.0 mb/d (net -0.0) versus NZE 0.0 mb/d (net -0.0).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Zero 2050 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current Policies | 0.0 | 0.0 | 0.0 | 0.0 |