Papua lng totalenergies Apr 10, 2024 · TotalEnergies will delay its final investment decision on the Papua LNG project to 2025 after initial EPC contract bids were not to its liking. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. Illustration; Source: Santos May 5, 2021 · The Deputy Prime Minister stated: “it was very important for the Government of Papua New Guinea to meet Total Chairman and CEO and the French authorities to stress the importance to our nation of the Papua LNG project, and to pledge the full support of our government to this project. In addition, TotalEnergies intends to drill the first deepwater exploration May 5, 2023 · Indonesia’s Tripatra, a unit of Italy’s Saipem, and South Korea’s Daewoo Engineering & Construction have secured a contract for the TotalEnergies-led Papua LNG project in Papua New Guinea. 6%, however the national oil company Kumul Petroleum has a back-in Feb 13, 2025 · Two more banks have joined the growing number of global banks that have ruled out financing TotalEnergies’ proposed LNG project in Papua New Guinea. Mar 7, 2023 · TotalEnergies has launched the fully integrated front-end engineering and design (FEED) stage of the proposed $10-billion Papua LNG project aimed at developing Elk-Antelope gas fields in the 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. Papouasie-Nouvelle-Guinée : TotalEnergies lance les études d’ingénierie intégrées du projet Papua LNG Paris, 7 mars 2023 –TotalEnergies, opérateur du projet, annonce le lancement des études d’ingénierie (FEED – front end engineering and design) intégrées pour le projet Papua LNG. We're going to develop the Papua LNG project. Apr 9, 2019 · It will further strengthen our position in the Pacific basin and ensure our future LNG portfolio growth. The Papua LNG project is committed to building long-term constructive relationships with its stakeholders and providing benefits for the country. Total being the second-largest world private LNG player, we are fully committed to the success of the Papua LNG project, which benefits from a favorable geographical location close to Asian markets. Apr 1, 2025 · Papua LNG plan Photo: TOTALENERGIES. Aug 23, 2024 · August 23, 2024 [S&P Global]- 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. 1%, ExxonMobil on 36. Tripatra revealed this in a statement issued this week saying the front-end engineering and design (FEED) contract is for the upstream facilities of As mentioned in April through a Joint Statement of the Independent State of Papua New Guinea and TotalEnergies, together with Joint Venture partners ExxonMobil PNG, Santos Limited, JX Nippon and stakeholders, the Papua LNG project keeps working with contractors to obtain commercially viable EPC contracts towards FID (Final Investment Decision Mar 26, 2014 · “InterOil now has a solid partnership where Total can use its considerable LNG expertise to develop Papua New Guinea’s second LNG project. 6 million tons per annum (Mtpa) of LNG, will allow the country to develop its gas production capacity and support its economic Health, Safety, Sustainability and Environment (HSSE) Director for TotalEnergies Marie-Alix Dognin in her remarks, highlighted the important role POM Tech has played in being the pioneer school for the Papua LNG TVET scholarship program and reiterated TotalEnergies’ continued support to the institution and the sponsored students in 2025. JX Nippon is an affiliate of ENEOS and already holds a 4. The questions posed by the journalists were answered in detail. Each mask, a symbolic expression of culture unique to its tribe, represents a successful revival of Gulf’s mask cultural heritage. 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. Copublished with Centre for Environmental Law and Community Rights Inc. Mar 7, 2023 · The Papua LNG partners plan to take FID by the end of 2023 or early 2024, according to the firm. Apr 9, 2019 · « La finalisation de l’accord gaz représente une étape majeure pour le projet Papua LNG, confirmant l’engagement des partenaires et du Gouvernement de Papouasie-Nouvelle-Guinée à faire de ce projet une réussite pour l’ensemble des parties prenantes », a déclaré Patrick Pouyanné, Président-directeur général de Total. Papua LNG in brief. Jan 30, 2025 · TotalEnergies EP PNG Limited (TotalEnergies), the operator of the Papua LNG project, in alignment with Read More » Papua LNG Renews Partnership with Port Moresby Technical College (POM Tech) Papua LNG Terminal, also known as Papua LNG, is a proposed LNG terminal in Central Province, Papua New Guinea, owned by a coalition of companies led by TotalEnergies. The Website Publisher, while being an affiliate of TotalEnergies EP PNG Limited, remains a separate corporate entity and nothing on this Website is designed to override this corporate separateness. Aug 1, 2022 · Production at the Papua LNG export facility will start at the end of 2027, according to operator TotalEnergies. “Papua LNG will create a multi-year economic stimulus, driving investment in infrastructure and services,” Marape said. TotalEnergies said in March it has signed a head of agreement with JX Nippon to sell a stake in Papua LNG. I am pleased with the outcome of this meeting with clear 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. In 130 countries, with close to 100,000 employees, the company ensures a presence across the entire value chain of these energies – from production and processing to distribution in various forms – this enables us to invent technological solutions and September 2022 - A World-Class Integrated LNG Portfolio | 4 2 4 2022 2024 2026 2028 2030 Qatargas 2 Train 5 North Field East Mt/y, TotalEnergies share In the framework of this integration between Papua LNG and PNG LNG, TotalEnergies is pleased to also announce the signature of a head of agreement with JX Nippon in the view to sell a 2% interest (post Kumul back-in right) in Papua LNG. Dec 3, 2024 · Papua LNG in brief. 55 percent operating stake in the Papua LNG project, ExxonMobil has 37. 1%) and Santos (22. 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). 1 per cent), Santos (22. Find out more about the various global projects in which TotalEnergies is positioning itself for the development of liquefied natural gas (LNG) at the end of 2022. "The TotalEnergies prépare une nouvelle bombe climatique en Papouasie-Nouvelle-Guinée : le projet de gaz naturel liquéfié (GNL) “Papua LNG”. Apr 8, 2024 · Pouyanne reaffirmed that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are “fully committed” to Papua LNG. In an interview on the sidelines of Singapore International Energy Week, Julien Pouget, the French major’s senior vice president for E&P and renewables in Asia, gave an update on the status of the liquefaction scheme in Papua New Guinea and expounded on some of its lesser Apr 9, 2024 · The Papua LNG venture, managed by TotalEnergies, “will need to keep working with contractors to obtain commercially viable [construction] contracts and requires more work to reach FID [final Jul 20, 2022 · Paris, 20 juillet 2022 – TotalEnergies, en sa qualité d’opérateur, annonce le lancement de la première phase des études d’ingénierie (FEED – front end engineering and design) pour les installations de production amont du projet Papua LNG. The French bank is… Jan 13, 2025 · Prime Minister James Marape has noted that ExxonMobil is working closely with TotalEnergies to support the successful delivery of the Papua LNG project, which is expected to play a significant role in PNG’s energy future. The Project will have an LNG export volume of 5. 2 billion) Papua LNG project has commenced. Early works are on track for 2024. Related. Apr 7, 2024 · James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, have met to discuss the status of the Papua LNG project. . 5% interest at the Final Investment Decision planned by end 2023-early 2024. 7 Mtpa capacity each and will unlock over 1 billion barrels of oil equivalent of natural gas resources. Students along with Papua LNG representatives in front of Apiope Primary School at the opening on August 13 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. According to a separate statement by TotalEnergies issued later on Tuesday, the firm signed a head of agreement with JX Nippon to sell a 2 percent interest (post Kumul back-in right) in Papua LNG. Papua LNG is a liquefied natural gas (LNG) project led by TotalEnergies, with a 37. 1%) with ExxonMobil (37. 04 per cent), Santos (22. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. pg). 4 million tons per annum (Mtpa) capacity will consist of two LNG trains of 2. 58 per cent). The joint-venture (JV) partners—which aside from TotalEnergies (31. May 5, 2021 · Paris, May 5, 2021 – A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel Basil, with the objective to review together the next steps for the development of the Papua LNG project. TotalEnergies and its partners are working closely with the Government, the communities, and the local economic network to ensure the Papua LNG Project serves as a landmark on the societal and environmental front for the LNG industry. Despite being the financial advisor to the project, and one of TotalEnergies’ top bankers, Crédit Agricole has publicly refused to fund one of the companies flagship […] TotalEnergies is multiplying its LNG offer by varying its approach and projects. The oil major confirmed that the project remains on track for a Final Investment Decision (FID) next year, with the first liquefied natural gas (LNG) production anticipated between 2027 and 2028. ” 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. 7pc), Australia’s Santos (17. 6 million tonnes per year (Mt/y). (CELCOR), Papua New Guinea, Japan Center for a Sustainable Environment and Society (JACSES), Jubilee Australia Research Feb 26, 2024 · In a significant setback for oil giant TotalEnergies, Crédit Agricole has said it will not directly finance the controversial Papua LNG project in Papua New Guinea. TotalEnergies operates the project with 40. ” The Papua LNG project of 5. While several factors have delayed the final investment decision on Papua LNG, Papua New Guinea’s second gas project, Jean-Marc Noiray, Managing Director of project lead TotalEnergies E&P PNG, says he’s “confident” the project will reach that landmark this year, “with all the lines of activity progressing well: technical optimisation, regulatory permitting, gas marketing and project 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 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. 8% and minority parties on 0. This project, which will export 5. Tony Jordan reports. 8%). Jun 5, 2023 · France’s TotalEnergies, one of the world’s largest LNG players, has sold a small stake to Japan’s JX Nippon Oil & Gas Exploration in the planned Papua LNG export project in Papua New Guinea. TotalEnergies EP PNG Limited operates the Papua LNG Project (“Project”) on behalf of its joint-venturers. Feb 7, 2025 · TotalEnergies has a 37. May 5, 2021 · Paris, le 5 mai 2021 – Une réunion s’est tenue ce lundi 3 mai entre Patrick Pouyanné, Président-directeur général de Total, et une délégation de Papouasie-Nouvelle-Guinée conduite par le vice-premier ministre Samuel Basil, avec l’objectif de revoir ensemble les prochaines étapes du développement du projet Papua LNG. He revealed the news during discussions with PNG Prime Minister James Marape concerning the Papua LNG project. 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. Feb 12, 2025 · TotalEnergies and ExxonMobil also remain committed to progressing the project. Other joint venturers in PRL 15 are Oil Search Limited, which has 22. 6%. 58 percent. JX Nippon is an Apr 9, 2024 · TotalEnergies and Papua LNG partners will postpone a final investment decision to 2025 but said the company and its partners remain committed to the project. COMMUNIQUÉ DE PRESSE Papouasie-Nouvelle-Guinée : TotalEnergies annonce une nouvelle étape dans le développement du projet Papua LNG Paris, 20 juillet 2022 – TotalEnergies, en sa qualité d’opérateur, annonce le lancement de la To commemorate International Civil Aviation Day, TotalEnergies EP PNG Limited (TotalEnergies), Operator of the Papua LNG project, showcases five incredible women working in Logistics – exemplifying how more women in Papua New Guinea (PNG) are rising to the occasion, taking on jobs out of their comfort zone. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). 04 percent, Santos owns a 22. [Total in Papua New Guinea: how to assess the societal impact?] [Port Moresby, capital of Papua New Guinea] [November 20, 2018, Total E&P PNG] Dec 16, 2024 · The $10 billion Papua LNG project will develop nine production wells, a gas processing plant, and a 320 km pipeline connecting to ExxonMobil’s LNG facility near Port Moresby. 1% interest in Papua LNG, along with its joint venture partners ExxonMobil (37. 1pc) include ExxonMobil (28. 04/08/2024: Joint Statement of the Independent State of Papua New Guinea and TotalEnergies; 03/07/2023: Papua New Guinea: TotalEnergies launches integrated engineering studies for the Papua LNG project; 07/20/2022: Papua New Guinea: TotalEnergies Announces New Milestone towards Papua LNG Development recommendations that can be found on the Papua LNG website (www. The contract was awarded to Vinci Construction Terrassement SpieCapag Niugini Limited (VCTSC) for the Upstream Early Works and Infrastructure Package. Apr 8, 2024 · French supermajor TotalEnergies and its partners have delayed by one year the final investment decision for the multibillion-dollar Papua LNG project in Papua New Guinea, with contractors to be Jul 20, 2022 · TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), 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 The ongoing force majeure at Mozambique LNG has seen TotalEnergies intensify efforts to advance its Papua LNG project. The Project will have a projected LNG export volume of 5. In any case, our priority remains the local content, actually, and still adapting our activity on her base. 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. Santos targets $2bn to $3bn of asset Jul 24, 2024 · French energy giant TotalEnergies is preparing to re-engage with the major services companies that will be required to realise its ambition of developing the Papua liquefied natural gas project in Sep 15, 2023 · TotalEnergies, the global energy giant, has assured Papua New Guinea of its commitment to its ambitious Papua LNG project. December 4, 2023 – Port Moresby, Papua New Guinea. com. 5%, Santos on 22. Mar 17, 2022 · The co-owners of Papua LNG are operator TotalEnergies which holds 40. 55 per cent interest, and including ExxonMobil (37. Prime Minister Marape confirmed substantial progress on the re-engineering and re-scoping of Papua LNG, which is now moving toward the next phase of development Sep 24, 2024 · Mr Berthet, when giving an update of the Papua LNG project, said TotalEnergies has supported the creation of a landowner company, JPHL (Jerilai Pujari Holdings Limited) and is maintaining its support for communities in PRL15 and beyond. 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 TotalEnergies SE is a multi-energy company, producing and marketing oil and biofuels, natural gas and green gas, renewables and electricity. FID was initially expected in late 2023 or early 2024 but additional work on EPC contracting will be required before reaching FID. 1 per cent) that the fully-integrated front-end engineering and design (FEED) work on the US$10 billion (K35. From there, 320 kilometres of pipeline, of which 60 kilometres is onshore, will transport gas to the existing PNG LNG facility operated by ExxonMobil. Jan 16, 2025 · TotalEnergies is currently developing the Papua liquefied natural gas project based on the onshore Elk and Antelope gas discoveries. With an annual LNG export capacity of 5. 7% interest in PNG LNG. TotalEnergies EP PNG Limited (TotalEnergies) as operator of the Papua LNG Project, is fully committed to delivering an exemplary Papua LNG Project, with aContinue reading "Papua LNG The Papua LNG project is a significant development in Papua New Guinea's natural gas sector. [Map Papua New Guinea – Port Moresby – PRL 15] Jean-Marc Noiray: Our project's main challenge is societal. Oct 31, 2024 · The Papua LNG project was navigating towards a final investment decision earlier this year, but TotalEnergies postponed the development in April because quotes from EPC contractors were too high. 58% stake in the Papua LNG project from TotalEnergies, marking a Papua LNG: A Project that Will Contribute to the Energy Transition in Asia We operate an LNG project in Papua-New Guinea alongside our partners Santos, ExxonMobil and JX Nippon. May 16, 2023 · Given the integration between Papua LNG and PNG LNG, TotalEnergies has agreed to sell to JX Nippon a 2% interest (post the state’s back-in right) to the Papua LNG project. 6 million tonnes, the project is strategically positioned to serve nearby Asian markets like Japan, China, and South Korea. Mar 7, 2023 · TotalEnergies holds 40. TotalEnergies sells Papua LNG stake. 8% (gross) as a result of its acquisition of interests held by Pacific LNG Group Companies, and indirect participating interests 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. The Papua LNG project is close to its Final Investment Decision (FID) and the new platform is timely to start getting in qualified Papua New Guineans with technical, trades, catering, administration and logistical background who can be employed and engaged for the construction phase. Feb 29, 2024 · Crédit Agricole, Europe’s third largest bank, has delivered a major blow to TotalEnergies this week, declaring it will not finance Total’s proposed Papua Liquefied Natural Gas project (Papua LNG). Jun 10, 2023 · Photo: Patrick Pouyanné, CEO TotalEnergies, and Toshiya Nakahara, CEO of JX Nippon (Credit: JX Nippon) Japan, the largest importer of liquefied natural gas (LNG) from Papua New Guinea (PNG), has further strengthened its position in the country's LNG sector. L-R: TotalEnergies Director for Business, Renewables and Carbon Neutrality Abdul Malik and PNG Ports CEO Neil Papenfus cutting the ribbon to unveil the sign declaring the area a protected mangrove habitat. Dec 5, 2022 · TotalEnergies plans to make a final investment decision on Papua LNG by the end of 2023. Apr 8, 2024 · Download the Press Release (PDF) Paris/Port Moresby, April 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. “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. The operator was expected to formally green light investment in the estimated $10 billion project this year. It is unclear what effect the delay may have on the anticipated 2028 startup. Aug 15, 2024 · “At TotalEnergies, one of our key values is standing together, because we know that alone we cannot do anything,” said Managing Director for TotalEnergies, Arnaud Berthet. 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. The final investment decision for Papua LNG is targeted in 2025 May 5, 2023 · TotalEnergies is operator of the upstream and pipeline components for Papua LNG while ExxonMobil will be responsible for construction and operation of the four electric liquefaction trains (e TotalEnergies is setting up an Independent Advisory Panel as a key initiative of the Papua LNG project, to bring this Project the best-in-class in terms of biodiversity, environment protection, and human development. The Papua LNG project is expected to generate significant employment opportunities in the next six to seven years as construction progresses. A new climate bomb. 3mt/yr PNG LNG facility. The scheme will be Papua New Guinea’s second LNG development and is closely tied into the existing, ExxonMobil-led 8. Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed economically unfeasible. 8 per cent) and ExxonMobil (37. The gas resources have been estimated at over 1 billion barrels of oil equivalent. 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 State of Papua New Guinea may exercise a back-in right of up to 22. Mar 1, 2023 · France’s TotalEnergies has piqued the interest of the liquefied natural gas sector with revelations that it has changed the design and doubled the number of gas processing trains for its Papua 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. 5%, Santos owning 22. The estimated US$10 billion project will effectively involve two parts. Jan 22, 2025 · ExxonMobil’s Chief Executive Officer Darren Woods has assured Papua New Guinea Prime Minister James Marape that the company is working closely with TotalEnergies and other partners to ensure timely decisions and progress on the Papua LNG project. 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 Nov 16, 2018 · “Investing in LNG is a long term enterprise and our objective is to be able to make the project as competitive as possible. TotalEnergies EP PNG (TEP PNG) Ltd, has announced the first engineering, procurement, construction (EPC) contract for the Papua LNG project. Apr 14, 2023 · Papua LNG Project is a planned Liquefied Natural Gas (LNG) production project in Papua New Guinea. Jul 20, 2022 · Paris, 20 juillet 2022 – TotalEnergies, en sa qualité d’opérateur, annonce le lancement de la première phase des études d’ingénierie (FEED – front end engineering and design) pour les installations de production amont du projet Papua LNG. Jun 8, 2022 · The co-owners of Papua LNG are operator TotalEnergies on 40. On this occasion, Mr Pouyanné reaffirmed to the Prime Minister that TotalEnergies, Aug 22, 2022 · 22 August 2022: Technip Energies, leader of a consortium with Clough, has been selected to perform the Front End Engineering Design (FEED) for TotalEnergies’ Papua LNG project’s upstream production facilities in Papua New Guinea. (The project is distinct from the ExxonMobil-led Papua New Guinea LNG Terminal, or PNG LNG). 7pc) and the Papuan government (22. 1% interest. Apr 8, 2024 · PARIS, April 8 (Reuters) - French oil and gas giant TotalEnergies , opens new tab on Monday said a planned new liquefied natural gas (LNG) project in Papua New Guinea would require 'more work Sep 16, 2024 · TotalEnergies EP PNG, as the operator of the Papua LNG project, was proud to be a Gold sponsor of the event in 2023, witnessing its revival and ongoing preservation. Aug 22, 2024 · Pouyanne reaffirmed that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are “fully committed” to Papua LNG. *** TotalEnergies in Papua New Guinea TotalEnergies has been present in Papua New Guinea since 2011. However, it is important that the government and the project stakeholders address concerns around environmental impacts, revenue distribution, and community consultation to ensure that the project benefits all stakeholders in the country. Mar 7, 2023 · TotalEnergies et ses partenaires collaborent étroitement avec le gouvernement, les communautés et le tissu économique local pour faire du projet Papua LNG une référence dans l’industrie du GNL, sur le plan sociétal et environnemental », a déclaré Julien Pouget, Directeur Exploration-Production et Renouvelables de TotalEnergies pour l 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. 83 percent interest, and JX Nippon holds 2. Japanese oil and gas exploration company JX Nippon has acquired a 2. 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. 5pc)—have launched Feed studies for the project’s upstream production facilities. “In particular, he shared the high interest of several LNG buyers for off-taking LNG from Papua LNG due to its strategic location close to key Asian markets,” he said. The Papua LNG project alone would increase the country’s annual emissions from the industrial and energy sectors by 7%, resulting in over 220 million tons of CO2 emissions (scope 3), or as much as the annual emissions of the whole of Bangladesh and its 169 million inhabitants. “We plan to have CCS from day one for Papua LNG in order to reduce our scope one and two emissions,” Julien Pouget, TotalEnergies senior vice-president Asia Pacific exploration, production and renewables told delegates at the 16th Papua New Guinea mining and petroleum investment conference in Sydney Dec 10, 2024 · Mr Marape said he understood that France’s TotalEnergies, which leads Papua LNG, had made “good progress” through the redesign and re-bidding process with contractors to get the cost of the 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. Papua LNG Project led by TotalEnergies (40. The company is promoting the project's low carbon credentials. 83 per cent) and JX Nippon (2. 1%, ExxonMobil with 36. Expectations are high on the matter. Mar 7, 2023 · TotalEnergies also plans to bury almost 1 million tonnes of carbon dioxide a year at its planned Papua LNG project, which it said is likely to be world-first. On December 4th, 2023, TotalEnergies EP PNG (TEP PNG) Ltd, as operator of the Papua LNG project, launched its inaugural Supplier Forum. Apr 8, 2024 · PORT MORESBY, New Guinea — TotalEnergies plans to drill its first deepwater exploration well next year on PPL 576 offshore Papua New Guinea, according to Chairman and CEO Patrick Pouyanné. 8% and minority parties holding 0. Jul 20, 2022 · Download the Press Release (pdf - 224 KB) 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. ” About Total “The integrated FEED entry is a significant step in the development of the Papua LNG project. papualng. yqpe mqlt zbtje bhllvt gkvufyo tolug ugjipx fhdrwl kpvj qvqbm ljv ygn xqusdbe vllzp ozkxl