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Energy is the engine of economic growth. Therefore the Government recognizes the need to manage the energy sector in a manner that is efficient and sustainable. Development of the country’s energy resources therefore will be coordinated in a manner that guarantees PNG attains sustainable income from energy exports while at the same time, the Government wants to see the unit cost of energy reduced in order to make PNG an internationally competitive country to invest in.The provision of reliable, accessible and affordable energy contributes to economic and social development, and development in turn depends on more use of energy for the nation’s sustenance but in a manner that is technically sound and the sector is efficiently regulated. Hence, this policy is all about finding a balance between making PNG an attractive investment destination for exporting energy to the energy hungry world and at the same time promoting PNG’s economic development based on low energy cost.

Papua New Guinea has come a long way in addressing its development challenges since independence. Agriculture and extractives industries increased economic growth in the past three decades setting a pathway for realising economic development for PNG.