Papua New Guinea

Papua New Guinea exhibits moderate vulnerability to the global energy crisis, with 40% oil import dependency and no direct exposure to the Strait of Hormuz. Despite being an LNG exporter, domestic fuel distribution challenges mean gasoline prices are elevated at $1.28/L, and its 55 days of fuel reserves offer only limited buffer. The country faces moderate food risk and a significant 38% increase in fertilizer costs, impacting agricultural output and food prices. While its LNG exports provide some economic resilience, internal logistical issues will continue to strain domestic fuel access. The outlook suggests ongoing challenges in fuel distribution and cost management, despite some mitigating factors from its resource wealth.