India - Papua New Guinea oil and natural gas

Q.  India finds which sector of most interest in relations with Papua New Guinea?
- Published on 04 May 16

a. Maily Se Nirmal Yamuna Revitalization Plan, 2017
b. Nuclear Fuel
c. Health and Space Sector
d. Oil and natural gas

ANSWER: Oil and natural gas
 
  • India is looking to explore and develop Papua New Guinea’s vast oil and gas resources through joint ventures and investments from both the Indian private and public sectors in on-going and new projects.
  • The Pacific island country agreed that oil and gas exploration and development could be a new avenue of cooperation between the two countries, keeping in view India’s desire to achieve energy security.
  • Indian companies are looking at projects coming up in Papua New Guinea after natural gas was discovered in the country’ s Southern Highland Province. Gas discoveries elsewhere in the country have evoked interest among Indian companies.

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