Port Moresby Gas Supply Project
Kumul Petroleum, together with its partners, is leading a commercial project to purchase gas from the PNG LNG Project and supply the gas to PNG Power or an independent power producer for power generation.
This gas will be processed in a gas conditioning plant situated near the PNG LNG plant site. This will then supply an independent or PNG Power electrical plant powered by gas.
Kumul Petroleum is in close consultation with PNG Power to jointly offer a reliable and cost effective electricity supply to the residents of Port Moresby with the view of expanding to the other centres of Papua New Guinea.
The Port Moresby Gas Supply Project will boost the development of the city and Central Province.
This is a project of national importance and Kumul Petroleum is determined to deliver its mandate given by the State.
Negotiations on gas supply, facilities, and land are on-going.
Updates on This Project:
Kumul Petroleum holdings Limited and PNG Power Limited signed a Memorandum of Understanding (“MOU”) on Friday August 8, to develop interim and long term energy supply solutions for the growing demand of electricity in Port Moresby, and the rest of Papua New Guinea. Read More Here:
Kumul Petroleum Holdings Ltd and Mineral Resources Development Company Limited (MRDC) signed a Memorandum of Understanding on the 7th of November 2013 which recognises the mutual interest of both companies and their desire to jointly explore, pursue and develop business opportunities in the Oil & Gas sector. Read More Here: