The existing PNG LNG facility
Papua LNG set for startup by 2028
But the additional capacity may face heightened competition for market share later this decade
Papua New Guinea’s new 6mn t/yr LNG project is on pace to start exports by 2028, and potentially sooner, as the development continues to progress. The planned Papua LNG scheme will also be closely integrated with the existing PNG LNG facility, which operates in Caution Bay, near the nation’s capital of Port Moresby. A fully integrated Feed process was launched in March, following preliminary Feed work on the project’s upstream portion last year. The integrated Feed study includes the “downstream liquefaction" segment, making it “a significant milestone”, says Kaushal Ramesh, LNG and power markets researcher at consultancy Rystad Energy. Fresh contracts have already been awarded, including up
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
