Papua lng latest news. Learn about the economic impact and future plans.
Papua lng latest news. Feb 11, 2025 · PRIME Minister Hon.
Papua lng latest news Hanwha Ocean has picked TMC Compressors to deliver the marine compressed air system to 12 LNG vessels the South Korean shipbuilder is constructing for an undisclosed LNG shipping major. 9mn t/yr ExxonMobil-operated PNG LNG plant. Termed wildebeest, it will be bigger than the PNGLNG and the Papua LNG combined, and the super major is working with the Minister for Petroleum and Energy Kerenga Kua and his team to advance exploration to determine the size of the resource. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. Learn about the economic impact and future plans. $7 billion plans that are expected to unlock up to 3 trillion cubic feet of extra natural gas resources for the Tangguh LNG facility in West Papua Papua New Guinea: TotalEnergies Announces New Milestone towards Papua LNG Development Paris, July 20, 2022 – TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. Since that time, we have fearlessly recorded the nation's progress. Marape made this announcement after meeting TotalEnergies chief executive officer Patrick Dec 3, 2024 · As Papua New Guinea’s state nominee, Kumul Petroleum Holdings and the Mineral Resources Development Company have an option to take up to 22. Thu, Apr 17, 2025 ENERGY INTELLIGENCE NEWS Mar 7, 2023 · “This project, strongly supported by the Papua New Guinea State, will contribute to the security of LNG supply, especially for customers in Asia, where LNG can substitute coal for power Jul 28, 2022 · The progress of Papua New Guinea's next major gas project, Papua LNG, appears on schedule as operator TotalEnergies announces the project is entering its front end engineering and design (FEED) stage. 1%) and Santos (22. The focus has shifted from Oil to Liquefied Natural Gas (LNG 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 company is promoting the project's low carbon credentials. TotalEnergies EP PNG Limited (TotalEnergies), the operator of the Papua LNG project, in alignment with its ongoing commitment to community development, presented Pocket Sunshine solar lamps to Grade 8 students at St John Bosco Catholic Primary School in Kuriva, Koiari Rural LLG, Central Province, on March 1, 2025. LNG. “Our goal is to brand PNG as a green energy nation, producing LNG from a country with a negative carbon footprint. New gas volumes imminent for Papua New Guinea's flagship LNG project. This collaboration with West Papua's BUMD aims to ensure optimal use of the LNG allocation while adhering to current government regulations. 5 per cent stake in Papua LNG, higher than the 19. Managing Director of project lead TotalEnergies E&P PNG, Jean-Marc Noiray, walks Business Advantage PNG through the milestones ahead for the US$10 billion-plus gas project. He told PNG Business News that the project continues to deliver reliable LNG supply to key markets in Asia, reinforcing its vital role in the global energy landscape. Santos managing director and CEO Kevin Gallagher said: “The start-up of Angore is one of a number of PNG [Papua New Guinea] highlights in 2024 for Santos and our joint venture partners – ExxonMobil, Kumul Petroleum Holdings, Mineral Resources Development Company and Apr 9, 2024 · News of the delayed FID came through discussions between James Marape, the Prime Minister of Papua New Guinea, and Patrick Pouyanné, chairman and chief executive officer of TotalEnergies, during Jul 21, 2022 · Photo credit: TotalEnergies TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. The Angore project Oct 28, 2024 · ExxonMobil Senior Vice President of Global LNG, Mr. Oct 21, 2024 · Stay updated on Santos' $15 billion LNG project in Papua New Guinea with latest developments and challenges. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. The Marape-Rosso government places high priority on the delivery of Papua LNG Jan 10, 2025 · The LNG volume to be utilized is expected to meet PGN's demand of approximately 20 MMSCFD, or about 2 cargoes per year from the BP Tangguh Refinery in West Papua. 5 per cent interest in Papua LNG, which it is expected to formally exercise at the time of a final investment decision. Feb 11, 2025 · PRIME Minister Hon. He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western A final investment decision on the Papua LNG project in Papua New Guinea remains on the agenda for this year. Speaking at an industry event, Marape reaffirmed Papua LNG Project. The climate crisis is hurting our people, our lands, our livelihoods. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is Dec 20, 2024 · The P’nyang LNG project is set to deliver significant benefits to all stakeholders involved and enhance Papua New Guinea’s (PNG) standing as a leading LNG exporting nation. Jan 16, 2025 · A joint venture comprising two heavyweight oil and gas companies is aiming to start drilling Papua New Guinea’s first deepwater exploration well later this year. We would like to show you a description here but the site won’t allow us. Papua New Guinea Prime Minister James Marape has revealed that the initial tender of US$18 billion (about K72 billion) for the construction of the Papua LNG project was deemed economically unfeasible, prompting a comprehensive review by project partners. The multi-billion-dollar Liquefied Natural Gas (LNG) project is led by TotalEnergies, ExxonMobil, and Santos, with operations expected to commence in the coming […] Jul 14, 2021 · Prime Minister James Marape said that the Papua LNG project in the Gulf will enter pre-Feed (front end engineering and design) in September. Golar LNG inks order for first of its next Apr 8, 2024 · James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, met together to discuss the status of the Papua LNG project. “PNG citizens including 20 per cent women now make up 91 per cent of PNG LNG’s total workforce – a fantastic achievement. Papua LNG Project is a planned Liquefied Natural Gas (LNG) production project in Papua New Guinea. Our operations are producing approximately 7. Jan 30, 2025 · Papua LNG strengthens Partnerships for Mangrove Conservation and Rehabilitation March 26, 2025 L-R: TotalEnergies Director for Business, Renewables and Carbon Neutrality Abdul Malik and PNG Ports CEO Jan 22, 2025 · Prime Minister James Marape has assured the nation that the crucial Papua LNG project remains on schedule, despite facing initial cost concerns. 6 days ago · Prime Minister Hon. PNG has already identified renewable energy projects that could dramatically expand energy access for everyday people. Peter Bosip, Director of the PNG NGO CELCOR, stated that Crédit Agricole’s decision highlights the negative implications of the Papua LNG project on the climate Dec 9, 2024 · Santos, alongside project partners TotalEnergies and ExxonMobil, is gearing up for a critical decision on the $15 billion Papua LNG project by late 2025. This was announced officially by the Minister of Petroleum and Energy, Hon. The preferred development concept continues to include processing up to 2mn t/yr of Papua LNG's raw gas through the 6. ExxonMobil plans to expedite the next stage of its 4. Explore the significant cost overrun, delays, and the latest updates on the project. James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. 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. Jan 22, 2025 · The Prime Minister emphasised the government’s focus on synchronising Papua LNG and P’nyang LNG to maximise benefits for Papua New Guinea. Three senior ExxonMobil corporate executives, led by outgoing Upstream President Liam Mallon, traveled to PNG to personally bid farewell to Prime Minister Jan 14, 2025 · “We discussed aligning our LNG production with PNG’s green credentials,” PM Marape stated. Santos today announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Mar 26, 2025 · The Papua New Guinea Chamber of Resources and Energy (PNG CORE) is proud to announce its Highly Commended Recognition in the Best Use of Technology (500+ category) at the 2024 EventsAir Innovation Awards. Dec 11, 2024 · Discover the challenges faced by TotalEnergies and Santos in the Papua LNG project. The questions posed by the journalists were answered in detail. Back. May 25, 2022 · Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. Dec 22, 2024 · Papua New Guinea has taken a significant step in the energy sector with the signing of an agreement to develop the country’s first offshore gas project, Pasca A, in the Gulf Province. Santos refers to its announcement of 27 September 2022 regarding the binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a five per cent interest in PNG LNG for asset value of US$1. However, given the limited use of our responses in the article and in the interest of transparency, the Company has decided to publish its exhaustive answers. On a historically significant day for the oil and gas sector on Wednesday, April 17, 2024, Prime Minister Marape officially welcomed PetroChina into Papua New Guinea May 30, 2023 – Port Moresby, Papua New Guinea Marking yet another milestone for the Papua LNG project, six (6) of the required petroleum applications licences were submitted to the Department of Petroleum and Energy (DPE). Nov 13, 2024 · Santos CEO Mr. Papua LNG gains new government's support Published 4 September 2019 12:17 GMT 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. We were there when the nation took its first bold steps towards independence. 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 released by the Independent State of Papua New Guinea and TotalEnergies April 8. ” Dec 6, 2024 · Santos has announced the successful completion of the Angore project in Hela Province, Papua New Guinea, further bolstering the country’s liquefied natural gas (LNG) production capacity. This landmark deal promises significant economic and social benefits. 4 trillion ft³ (125bn m³) P'nyang gas field in Papua New Guinea (PNG), which is considered critical to the future of the nation's two major LNG projects. we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the We would like to show you a description here but the site won’t allow us. Jan 13, 2025 · The company recognises PNG’s negative carbon footprint and the country’s potential to market its LNG as a cleaner, more sustainable energy source in the global market. Jan 13, 2025 · Prime Minister James Marape has extended his gratitude to senior leaders from ExxonMobil’s headquarters in Houston, Texas, who visited Papua New Guinea to reaffirm the company’s long-term commitment to the country’s energy sector. This was revealed during a meeting between Patrick Pouyanne , chairman and CEO of TotalEnergies, and James Marape , the Prime Minister of Papua New Guinea, according to a statement by Oct 20, 2024 · PNG LNG is the only gas export project in Papua New Guinea presently. Nov 20, 2024 · The Angore project has shown strong performance since its initiation, with two wells successfully commissioned and connected. Demand for LNG continues to grow, especially in Asia as countries move to meet net zero commitments by exiting coal power. Aug 25, 2021 · This month, PNG’s Parliament passed the Oil and Gas (Papua LNG Project) Amendment Bill 2021, which allows Total to go ahead with the pre-FEED and FEED process ahead of its application for a petroleum development license for Papua LNG. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. Prime Minister James Marape today called on the people of Gulf Province to prepare to supply goods and services to the forthcoming Papua LNG Project and the Wildebeest LNG Project. Apr 14, 2023 · Papua LNG Project. Oct 21, 2024 · Chinese yard Wison New Energies has won a pre-front-end engineering and design contract for a 1. The focus will be on local agriculture and fisheries for food supplies, forestry for timber, and tourism to accommodate the surge of workers and visitors expected. Papua LNG is Jan 22, 2025 · Marape stated, "We aim to ensure that once Papua LNG is operational, efforts will be made to develop the P’nyang LNG. 1%) with ExxonMobil (37. Papua LNG Project led by TotalEnergies (40. “Papua New Guinea is truly well-positioned for the future -- one where LNG will Jan 29, 2025 · Prime Minister James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. We now pick up the story where subsequent exploration wells found mainly gas fields rather than oil fields Jan 6, 2025 · The Government of Papua New Guinea (PNG), Hevehe Petroleum, and Twinza Oil have signed the Pasca Gas Agreement, marking the country’s first offshore petroleum project. 6-million-ton-per-year Papua LNG export terminal have raised concerns about feedstock shortages for PNG LNG, Exxon’s flagship joint venture. Exxonmobil is on the verge of making Papua New Guinea’s largest LNG discovery. Ltd’s recent entry into the nation’s hydrocarbon industry. Set to be located adjacent to the existing PNG LNG processing facilities, the project will have four LNG trains with a combined capacity of 4 million tonnes per year (Mt/y). Jan 20, 2025 · Prime Minister Hon. This ambitious undertaking aims to harness the Elk-Antelope gas fields in Papua New Guinea’s Gulf Province, potentially solidifying the nation’s status as a major player in the global energy market. This year’s awards saw a record number of high-quality submissions, making the judging process highly competitive. Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed economically unfeasible. 6 million tonnes per year (Mt/y). ExxonMobil is proud to have signed the P’nyang Gas Agreement with Papua New Guinea linking new upstream facilities in Western Province to existing infrastructure. “Our goal is to brand Papua New Guinea as a green energy 5 days ago · TMC to equip 12 LNG newbuilds Wednesday 23 April 2025 12:00. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much Sep 22, 2024 · He further mentioned that during his upcoming visit to the United Nations General Assembly (UNGA) in New York, he will meet with the leadership of ExxonMobil to discuss the PNG LNG Project, Papua LNG, and P’nyang LNG, with the aim of synchronising these major projects. This milestone development, unveiled on November 19, marks a significant step forward for the PNG LNG venture, delivering up to 350 million standard cubic feet (mmscf) of gas per day. G969 for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. Apr 18, 2024 · In Part I, we read about the signs of oil and gas throughout Papua New Guinea that enticed many oilmen to look for large oil and gas fields over many decades, and we read about the first commercial oil discovery at the Iagifu 2-X well and how the Kutubu field was successfully developed. James Marape has extended his gratitude to senior leaders from ExxonMobil’s headquarters in Houston, Texas, who visited Papua New Guinea to reaffirm the company’s long-term commitment to the country’s energy sector. 6 per cent held in the country’s sole other development, PNG LNG. Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID. Dec 12, 2023 · It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). On this occasion, Patrick Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are fully committed to Papua LNG. “We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said. We don’t need fossil gas and 95% of Papua LNG’s gas will be sent overseas. The $10bn project to build Papua New Guinea's second LNG export terminal was initially expected to reach an FID by early 2024 ahead of first production in early 2028, but this was The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources. Feb 29, 2024 · It is estimated that Papua LNG would emit 220 million tonnes of carbon dioxide , further exacerbating the climate change challenges faced by Papua New Guinea’s population. He also shared that several LNG buyers are interested Apr 22, 2024 · Prime Minister Hon. Mar 27, 2024 · The Government and the project partners for the US$12 billion (or K36 billion) P'nyang LNG project in Western signed the Fiscal Stability Agreement on March 18, 2024 in Port Moresby. Oct 2, 2023 · Paris, October 2, 2023 - On 2 October 2023, the French daily newspaper Le Monde published an article on the Papua LNG project in Papua New Guinea. Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P'nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. Jul 20, 2022 · “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. Tony Jordan reports. “When we combine the gas resources from Papua LNG and P’nyang LNG fields, we have 11 trillion cubic feet (TCF) of gas. Six Papua New Guinean organisations have already been highlighting the climate, biodiversity and human rights risks of Papua LNG. . To inform the public about the Papua LNG project and its initiatives with the locals. Jan 8, 2024 · Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. May 24, 2023 · The advantages of having a second Liquefied Natural Gas (LNG) project in a country like Papua New Guinea is important and strategic in that the people are attached to the land, and they want to feel they are part of the extraction of resources and wealth -- and they can only do that through the development of their customary land. "The Mar 21, 2023 · Photo Credit: Papua LNG - Map showing 260 km of offshore pipeline and 60 km of onshore pipeline extending from Elk and Antelope fields to Caution Bay On March 07, 2023, in separate announcements, Santos, TotalEnergies, and Exxon announced the Papua LNG project had launched the first phase of a fully integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Oct 31, 2024 · The midstream is the 320 kilometres of onshore and offshore pipelines, while the LNG scope is the four new electric trains at the existing PNG LNG facility operated by ExxonMobil. Santos has announced plans to finalise a decision in 2025 regarding its proposed $15 billion liquefied natural gas (LNG) project in Papua New Guinea (PNG LNG). Kerenga Kua, at the Dream Jun 18, 2024 · ExxonMobil PNG’s Chairperson and Managing Director, Tera Shandro said as the single largest business investment in the country, the ExxonMobil operated PNG LNG Project has not only helped launch a new industry, but it has also provided valuable insights into how resource development companies can partner with the country to unlock additional Mar 17, 2023 · The Project calls for the design of approximately 4 million tons per year of LNG liquefaction capacity adjacent to the existing PNG LNG processing facilities located 20 kilometres northwest of Port Moresby, Papua New Guinea, with the natural gas to be sourced from the Elk Antelope gas field. Dec 10, 2024 · Timing is everything in LNG, and delays at the planned 5. Papua New Guinea’s ambitious Papua LNG project is moving closer to a Final Investment Decision (FID), with Prime Minister James Marape confirming that significant progress has been made despite economic and logistical challenges. The Project will have a projected LNG export volume of 5. Dec 10, 2024 · It involves the development of the Elk and Antelope gas fields in the eastern Papuan Basin, a pipeline to the PNG LNG site near Port Moresby and the construction of new electric LNG processing units. “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. James Marape, senior ministers Oct 17, 2024 · ExxonMobil and its joint venture partners in the Papua New Guinea LNG project will soon receive a much-needed injection of new gas from a US$1 billion gas field development in the jungles of the Apr 9, 2019 · The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33. 3 billion (the Offer). 5 mtpa floating LNG production unit in Papua New Guinea. On 23 December… Similar to the Early Works Information Session held earlier in May in both Port Moresby and Lae, Papua New Guinean business houses received up-to-date information on the Papua LNG project, its procurement process, key packages and upcoming tenders in 2024 for the project. 9 million tonnes of liquefied natural gas each year which we export to four major customers in the Asia region. In particular Feb 13, 2025 · PARIS, Feb 13 - Italy's largest banking group, Intesa Sanpaolo , opens new tab, and the Asian Development Bank (ADB) said they will not finance a $10 billion LNG project in Papua New Guinea, as PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. Production workforce of over 2,700, 91 percent are Papua New Guinean and 20 percent are women; Around 1 billion cubic feet of natural gas turned into LNG every day at the LNG Plant ; Capacity to produce over 8 million tonnes of LNG each year; 220 Papua New Guinean Operations and Maintenance technicians trained to At least 11 banks have already ruled out the project, including all Australian and French banks that financed PNG LNG, the first LNG project in Papua New Guinea. Early works are on track for 2024. Nov 19, 2024 · The ExxonMobil-led PNG LNG project in Papua New Guinea during construction. Sep 3, 2024 · The PNG government will take a 22. Apr 8, 2024 · French energy giant TotalEnergies and its partners have postponed a final investment decision on the planned Papua LNG export project in Papua New Guinea. Historic Signing Ceremony The signing ceremony, led by Governor General Sir Bob Dadae and attended by Prime Minister Hon. Finally, the LNG Plant, currently used to compress gas for export for the ExxonMobil-led PNG LNG project, will need to be expanded to accommodate the new PRL15 gas, with an additional two trains to be constructed, as well as condensate storage and a new flare system. DPE Secretary Mr David Manau while addressing the key stakeholders present at the submission, stated that his department willContinue reading "Papua LNG Project Submits “The PNG LNG project remains an industry leader not just in creating revenue for the country, but in providing opportunities for Papua New Guineans to grow as technical specialists and business leaders. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028. James Marape announced that Papua New Guinea continues to be a prime destination for business ventures, highlighted by PetroChina International Co. Feb 3, 2025 · Prime Minister James Marape concluded a series of high- level meetings at the World Economic Forum with a productive discussion with Patrick Pouyanné, CEO of TotalEnergies, focusing on the Papua LNG project and its future progress. Feb 11, 2025 · Prime Minister Hon. We look at what happens next. Mar 7, 2023 · The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage - the last major stage before the $US10 billion project is given a green light. G967, No. People in Papua New Guinea deserve clean energy and a sustainable economy. Feb 22, 2022 · IRVING, Texas – ExxonMobil subsidiary Esso PNG P’nyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the P’nyang project gas agreement for the proposed development of the P’nyang LNG project. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. PNG LNG benefits at a glance. 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. International organisations that are experts in the Apr 3, 2025 · PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. Your weekly digest of business news. Nov 22, 2024 · Latest News; Watchlist; Investing. This will make our LNG more attractive to buyers in both spot - and long-term contracted markets. G968 and No. Peter Clarke, recently shared his insights on the success of Papua New Guinea’s liquefied natural gas industry and the bright opportunities ahead as a keynote speaker at Kumul Petroleum Holding Limited’s Petroleum and Energy Conference held in Port Moresby. 7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. " He added that both projects, along with the PNG LNG operations, would secure Papua New Guinea’s position as a leading gas-producing nation. we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the Mar 7, 2023 · “The Papua LNG Project is a project of national significance for Papua New Guinea and will stimulate business confidence and provide a significant impetus for our economy” said the Honorable Kerenga Kua, Minister of Petroleum and Energy of Papua New Guinea. Johanna Boothey, Vice President of Development at ExxonMobil PNG Ltd, emphasized this potential during her speech at the Investment Conference earlier today. With […] Apr 8, 2024 · TotalEnergies said its CEO Patrick Pouyanne recently told Papua New Guinea Prime Minister James Marape the project would need to work with third-party contractors to reach commercially viable engineering, procurement, and construction contracts. 4 billion, including a proportionate share of PNG LNG project finance debt of approximately US$0. The project, which will double PNG's gas production, represents the second-largest foreign direct investment ever in the country. Kevin Gallagher recently called Papua New Guinea’s Liquefied Natural Gas (PNG LNG) project a "world-class asset" that boasts a low-cost, low-emissions intensity profile. “PNG LNG remains a world-class asset Apr 8, 2024 · At the meeting, TotalEnergies CEO and Chairman Patrick Pouyanné assured Papua New Guinea’s Prime Minister James Marape that his company, which is the operator of the Papua LNG project, and its international partners ExxonMobil, Santos, and JX Nippon remain fully committed to the project. Feb 11, 2021 · Covering the latest oil and gas news including shale, lng, drilling, exploration and production. “Papua LNG is perfectly located to serve the Asian markets,Continue reading "TotalEnergies country head Feb 10, 2025 · US-based Exxon Mobil has started term LNG supplies to China's Guangdong Energy via a cargo sourced from its Papua New Guinea LNG export plant. The Post-Courier is proud of its record as the voice of PNG. 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. gbq pfrlzc kumtsmj zbtbd fakqm aph endop ccr svqatb soj jysu lwzbg llsxsh mbam quow