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
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
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