Vanuatu

This report captures the Pacific Fuel Price Monitor for the first quarter (Jan -March 2018). Reviews are based on analysis of Means of Platts Singapore(MOPS), Benchmark Saudi Aramco LPG prices(sourced from 3MCO) and Pacific Fuel Prices on an quarterly average (source from Pacific Island countries).

The report captures:

Background

Vanuatu is a least developed country dedicated to a pathway of green growth that underpins its cultural, societal and environmental values. Vanuatu has a narrow economic base and is highly dependent on the tourism and agriculture sectors for economic development. The country has been ranked as the world’s most vulnerable country to climate change and natural disasters.1 In addition, the economy is characterized by distance from markets, lack of economies of scale and high dependence on petroleum fuel imports.

FOREWORD :

The 14 developing member countries (DMCs) of the Pacific Department of the Asian Development Bank (ADB) cover a wide diversity.

This report captures the 2017 yearly, Pacific Fuel Price Monitor. Reviews are based on analysis of Means of Platts Singapore(MOPS), Benchmark Saudi Aramco LPG prices(sourced from 3MCO) and Pacific Fuel Prices on an annual average (source from Pacific Island countries)

The electricity sector highlights how the sector is organized, recent performance trends, and a desk assessment of regulatory substance and governance. This assessment will be supplemented through field work. The areas where further information is needed from field interviews are highlighted in this case study.

This report is an effort to capture what has been carried out under the ‘Implementation Plan of the Framework for Action on Energy Security in the Pacific 2011–2015’. It is an attempt to improve the accountability and transparency of the work of the implementation partners, in highlighting what has been carried out, what were their outputs and what impacts they made.

Keywords - FAESP implementation plan progress report 2015