An LNG tanker docks at PNG LNG, Caution Bay
Papua LNG set for FID next year
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
The 6mt/yr Papua LNG project appears to remain on track for FID next year, as the developers make progress in lowering the costs that previously stalled their investment decision. Australia’s Santos stated in its latest results that the partners —comprising operator TotalEnergies, ExxonMobil and Japan’s JX Nippon—are working “to find the necessary technical optimisations to lower the cost of the project” and have opened the EPC process “to a larger number of contractors to obtain more commercially viable offers”. “Priority is to complete the rebid phase and progress to target FID in 2025,” confirmed Santos. Wapu Sonk, managing director of NOC Kumul Petroleum, also recently said that Papua LN
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
