Papua New Guinea can feed Japan’s energy appetite Japan is a big energy consumer and the largest LNG buyer in the world. A steady supply of fuel is needed to maintain the world’s third largest economy and underpin its COVID-19 recovery. Currently, Japan is one of PNG’s largest export markets but PNG supplies less than 5 per cent of Japanese LNG products.
During a visit to Japan in late September 2022, PNG Prime Minister James Marape saw a win-win opportunity. He offered Japanese Prime Minister Fumio Kishida favoured access to PNG’s new gas field developments. This is in addition to JX Nippon Oil & Gas Exploration Corporation’s pre-existing 4.7 per cent share in the current PNG LNG project. Papua New Guinea can feed Japan’s energy appetite | East Asia Forum