Papua lng fid. Early works are on track for 2024.

Papua lng fid Apr 8, 2024 · TotalEnergies has postponed a final investment decision on the planned Papua LNG project in Papua New Guinea to 2025, from an earlier expected date of this year, according to the joint statement relea Papua LNG Project led by TotalEnergies (40. Aug 22, 2024 · Australia’s Santos and its partners plan to make the final investment decision (FID) on the Papua LNG project in Papua New Guinea by the end of 2025, Santos CEO Kevin Gallagher announced during earnings call on August 21. The fields could be brought on stream by late 2027 or early 2028. The gas resources have been estimated at over 1 billion barrels of oil equivalent. Illustration; Source: Santos Papua LNG is a liquefied natural gas (LNG) production project led by TotalEnergies in response to Papua New Guinea’s desire to develop its gas resources. The FID delay will not Dec 3, 2024 · A final investment decision (FID) on the Papua LNG project is likely in the next 12 months, according to TotalEnergies EP PNG Managing Director Arnaud Berthet. “A lot of activities need to be performed, but these were presented to the authorities last week and it is doable, so we are very confident in delivering FID within 2025,” Berthet Oct 20, 2023 · TotalEnergies and partners expect to take FID on the 6mt/yr Papua LNG project in early 2024 and start production before the end of the decade. “We're working with the joint venture partners on Papua to reset the FEED phase of the project, as you're well aware. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). Aug 22, 2024 · TotalEnergies and its partners plant to take a final investment decision on the Papua LNG export project in Papua New Guinea at the end of 2025, according to Santos CEO Kevin Gallagher. According to the managing director of Kumal Petroleum, this project would help export gas from Apr 9, 2024 · TotalEnergies and partners in the Papua LNG project will postpone a final investment decision to 2025. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. 58%), remain “fully committed” to Papua LNG. James Marape has reaffirmed his government’s commitment to advancing the Papua LNG project, confirming that Final Investment Decision (FID) is expected by the end of 2025, paving the way for a new wave of economic growth in Papua New Guinea’s oil and gas sector. 6mn t/yr Papua LNG project in Papua New Guinea is likely to be taken in late 2025, Australian independent Santos' chief executive Kevin Gallagher told an investor call marking the firm's half-year results to 30 June. JX Nippon (2. 1%) with ExxonMobil (37. Addressing recent delays in the project, Marape said cost escalations had necessitated a review of engineering, procurement, and construction contracts to align Mar 7, 2023 · A final investment decision (FID) for Papua LNG is expected at end-2023 or early 2024 with construction to begin in 2024. The Prime Minister and Patrick Pouyanné agreed that this slight delay will not affect the early works planned in Papua New Guinea in 2024 and that the project will maintain its full support to local population of Gulf Province. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent A final investment decision (FID) on the Papua LNG project is likely in the next 12 months, according to TotalEnergies EP PNG Managing Director Arnaud Berthet. Feb 10, 2025 · TotalEnergies and Exxon Mobil say they are still working toward a final investment decision (FID) on the delayed Papua LNG project amid efforts to reduce costs. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025,” the statement said. Speaking at an industry event, Marape reaffirmed “The commencement of upstream FEED studies is another significant step towards developing the Papua LNG project, which will increase Papua New Guinea’s LNG export capacity and thus contribute to its further development,” said Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies. “A lot of activities need to be performed, but these were presented to the authorities last week and it is doable, so we are very confident in delivering FID within 2025,” Berthet A final investment decision (FID) on the 5. FID was initially expected in late 2023 or early 2024 but additional work on EPC contracting will be required before reaching FID. 6 million tonnes per year (Mt/y). In addition, TotalEnergies intends to drill the first deepwater exploration In March 2023, Kumal Petroleum Holdings, the national oil company of Papua New Guinea, said it was in talks with the developers of Papua LNG and Papua New Guinea LNG Terminal regarding the development of its own 1-mtpa train at the Papua LNG complex. 1%) and Santos (22. Feb 12, 2025 · The PNG Government is committed to advancing the Papua LNG project, with Prime Minister James Marape confirming that final investment decision (FID) is expected by the end of the year. The Project will have an LNG export volume of 5. . Early works are on track for 2024. Apr 10, 2024 · The French oil and gas company TotalEnergies, the operator of the proposed Papua LNG project in Papua New Guinea, plans to make a final investment decision (FID) on the project in 2025. Apr 8, 2024 · A meeting between the Chief Executive Officer (CEO) of French energy giant TotalEnergies and the Prime Minister of Papua New Guinea has enabled the duo to discuss the development of a liquefied natural gas (LNG) project for which a final investment decision (FID) has now been moved to 2025. Feb 11, 2025 · Prime Minister Hon. Feb 13, 2025 · Papua New Guinea Prime Minister James Marape has confirmed the final investment decision (FID) for the Papua LNG project is expected by the end of 2025. Pouyanne and Marape “agreed that this slight delay will not affect the early works planned in Papua New Guinea in 2024 and that the project will maintain its full support to local population of Gulf Province,” the statement said. 3mt/yr PNG LNG facility. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. The scheme will be Papua New Guinea’s second LNG development and is closely tied into the existing, ExxonMobil-led 8. coxsieq ojtou ckxt pgyzn owkxvvj ibrm xlmk pijcabg hnhap zriw kqwl znpyruo giwpj mekr oqkcb