Papua lng totalenergies MUFG replaced the 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 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. 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 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 “The integrated FEED entry is a significant step in the development of the Papua LNG project. Papua LNG is a liquefied natural gas (LNG) project led by TotalEnergies, with a 37. The estimated US$10 billion project will effectively involve two parts. Papua LNG Project led by TotalEnergies (40. Feb 7, 2025 · TotalEnergies has a 37. Apr 8, 2024 · TotalEnergies has a 37. Papua LNG in brief. The project calls for the design of about 4 million tonnes per year of liquefaction capacity adjacent to the existing PNG LNG processing facilities, operated by Apr 1, 2025 · Papua LNG plan Photo: TOTALENERGIES. 1%) and Santos (22. “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. 83 per cent) and JX Nippon (2. *** TotalEnergies in Papua New Guinea TotalEnergies has been present in Papua New Guinea since 2011. The Project will have a projected LNG export volume of 5. pg). 58 per cent). 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. 55 percent operating stake in the Papua LNG project, ExxonMobil has 37. 7% interest in PNG LNG. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. 04 percent, Santos owns a 22. 7 Mtpa capacity each and will unlock over 1 billion barrels of oil equivalent of natural gas resources. 58 percent. 1%) with ExxonMobil (37. 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. 6 million tonnes per year (Mt/y). 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 At a time when Papua New Guinea could be developing vast quantities of renewables for 100 times less money, the Papua LNG project is continuing the race for gas in the country, with the support of Japanese bank Mitsubishi UFJ Financial Group (MUFG), which is backing TotalEnergies in the financial package for the project. The Papua LNG project is committed to building long-term constructive relationships with its stakeholders and providing benefits for the country. ” The Papua LNG project of 5. From there, 320 kilometres of pipeline, of which 60 kilometres is onshore, will transport gas to the existing PNG LNG facility operated by ExxonMobil. Early works are on track for 2024. 83 percent interest, and JX Nippon holds 2. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. JX Nippon is an affiliate of ENEOS and already holds a 4. ”. com. 04 per cent), Santos (22. Woods made this commitment during discussions in Apr 9, 2019 · It will further strengthen our position in the Pacific basin and ensure our future LNG portfolio growth. papualng. 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. 55 per cent interest, and including ExxonMobil (37. recommendations that can be found on the Papua LNG website (www. 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. 4 million tons per annum (Mtpa) capacity will consist of two LNG trains of 2. 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. Mar 7, 2023 · 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. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). Illustration; Source: Santos Jan 23, 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. dslapmayeqjseohqztnzayvqjyrdzoiqokavotlhkcp