Papua lng latest news Papua LNG Project. ” Jan 14, 2025 · “We discussed aligning our LNG production with PNG’s green credentials,” PM Marape stated. A final investment decision on the Papua LNG project in Papua New Guinea remains on the agenda for this year. To inform the public about the Papua LNG project and its initiatives with the locals. Dec 11, 2024 · Discover the challenges faced by TotalEnergies and Santos in the Papua LNG project. 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. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. “Papua LNG is perfectly located to serve the Asian markets,Continue reading "TotalEnergies country head 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. Tony Jordan reports. He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western Dec 10, 2024 · Timing is everything in LNG, and delays at the planned 5. 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. G968 and No. G967, No. “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. 6-million-ton-per-year Papua LNG export terminal have raised concerns about feedstock shortages for PNG LNG, Exxon’s flagship joint venture. This was announced officially by the Minister of Petroleum and Energy, Hon. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent 5 days ago · Prime Minister Hon. The Project will have a projected LNG export volume of 5. Anthony has been with Visa for 15 years, starting in Melbourne, Australia back in 2009. Our operations are producing approximately 7. 5 per cent interest in Papua LNG, which it is expected to formally exercise at the time of a final investment decision. ” 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. Jan 20, 2025 · “We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said. Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed economically unfeasible. Your weekly digest of business news. 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. 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. PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. 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. Mar 7, 2023 · A long-awaited milestone towards Papua New Guinea’s next phase of economic growth was reached yesterday with the announcement by joint venture partners, TotalEnergies (40. 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. 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. 8%), the project is inching closer to development. " He added that both projects, along with the PNG LNG operations, would secure Papua New Guinea’s position as a leading gas-producing nation. Feb 11, 2025 · PRIME Minister Hon. Apr 14, 2023 · Papua LNG Project. Exxonmobil is on the verge of making Papua New Guinea’s largest LNG discovery. 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. Partnering with ExxonMobil (37. . 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 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 focus has shifted from Oil to Liquefied Natural Gas (LNG 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. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much 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. Papua LNG Project is a planned Liquefied Natural Gas (LNG) production project in Papua New Guinea. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. 9mn t/yr ExxonMobil-operated PNG LNG plant. “When we combine the gas resources from Papua LNG and P’nyang LNG fields, we have 11 trillion cubic feet (TCF) of gas. 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. Four new electric LNG trains will be built at 3 days ago · Golar agrees 20-year re-deployment charter for FLNGs Friday 02 May 2025 14:00. “We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said. 5 per cent stake in Papua LNG, higher than the 19. 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. 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. 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 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. G969 for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. We would like to show you a description here but the site won’t allow us. PNG has already identified renewable energy projects that could dramatically expand energy access for everyday people. 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. 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. 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 28, 2024 · ExxonMobil Senior Vice President of Global LNG, Mr. 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. 9 million tonnes of liquefied natural gas each year which we export to four major customers in the Asia region. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. 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. 1 per cent), Santos (22. 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. 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. Golar LNG Ltd has announced the final investment decision and fulfilment of all conditions precedent for the 20-year re-deployment charter of the FLNG Hilli Episeyo. 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. The multi-billion-dollar Liquefied Natural Gas (LNG) project is led by TotalEnergies, ExxonMobil, and Santos, with operations expected to commence in the coming […] 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. 6 million tonnes per year (Mt/y). 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). 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. 2 billion) Papua LNG project has commenced. ExxonMobil plans to expedite the next stage of its 4. 1% stake), aims to unlock Papua New Guinea’s vast gas resources, estimated at over 1 billion barrels of oil equivalent. The Papua LNG project, led by energy giant TotalEnergies (40. 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. 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. 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. 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. Marape made this announcement after meeting TotalEnergies chief executive officer Patrick 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. The climate crisis is hurting our people, our lands, our livelihoods. Apr 7, 2025 · In an exclusive interview with PNG Business News, Watson shared his strategic vision for Papua New Guinea and the broader Pacific market, painting a compelling picture of a region on the cusp of rapid financial evolution. 6 per cent held in the country’s sole other development, PNG LNG. “Our goal is to brand Papua New Guinea as a green energy 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. “Our goal is to brand Papua New Guinea as a green energy nation, producing LNG from a country with a negative carbon footprint. 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. Papua LNG is The preferred development concept continues to include processing up to 2mn t/yr of Papua LNG's raw gas through the 6. Feb 10, 2025 · Slower-than-expected drilling growth in the Haynesville Shale is expected to coincide with a spike in LNG feed gas demand, potentially leading to strong price gains next year. 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. People in Papua New Guinea deserve clean energy and a sustainable economy. The Angore project Apr 1, 2025 · From there, 320 kilometres of pipeline, of which 60 kilometres is onshore, will transport gas to the existing PNG LNG facility operated by ExxonMobil. 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. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. 8 per cent) and ExxonMobil (37. 1 per cent) that the fully-integrated front-end engineering and design (FEED) work on the US$10 billion (K35. With […] 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. 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. 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. Explore the significant cost overrun, delays, and the latest updates on the project. 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. Kerenga Kua, at the Dream We would like to show you a description here but the site won’t allow us. 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. 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 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. This will make our LNG more attractive to buyers in both spot - and long-term contracted markets. 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. We don’t need fossil gas and 95% of Papua LNG’s gas will be sent overseas. "The 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. 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. This collaboration with West Papua's BUMD aims to ensure optimal use of the LNG allocation while adhering to current government regulations. 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. This will make our LNG more attractive to buyers in both spot and long-term contracted markets. 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. The Marape-Rosso government places high priority on the delivery of Papua LNG 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 Dec 12, 2023 · It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. “Our goal is to brand PNG as a green energy nation, producing LNG from a country with a negative carbon footprint. Feb 11, 2025 · Prime Minister Hon. “Papua New Guinea is truly well-positioned for the future -- one where LNG will Nov 19, 2024 · The ExxonMobil-led PNG LNG project in Papua New Guinea during construction. 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. 1%) and Santos (22. 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. Sep 3, 2024 · The PNG government will take a 22. epkya ltlqbopj vyprw bpnt umhj acqf gcdg zeondz evm kilbpj kjag opoxia yejbp wbrqcf kmgri