TotalEnergies targets 2027 startup for Papua LNG
Close collaboration between IOCs in Papua New Guinea means other developments may follow
Production at the Papua LNG export facility will start at the end of 2027, according to operator TotalEnergies. The joint-venture (JV) partners—which aside from TotalEnergies (31.1pc) include ExxonMobil (28.7pc), Australia’s Santos (17.7pc) and the Papuan government (22.5pc)—have launched Feed studies for the project’s upstream production facilities. At the same time, work on the downstream liquefaction infrastructure is “progressing in line with the overall project schedule”, the French major says, adding that the integrated Feed study is due in the fourth quarter. The partners are targeting FID for Papua LNG around the end of 2023. The French major plans two liquefaction trains totalling 5
Also in this section
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis