Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
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
Rising costs delay Papua LNG FID
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region
Papua LNG targets 2024 FID
The Pacific nation’s second liquefaction development will overlap significantly with the existing PNG LNG project
Papua LNG set for startup by 2028
But the additional capacity may face heightened competition for market share later this decade
Rising costs threaten Mozambique LNG
As security improves, TotalEnergies has other concerns
Mozambique upstream progress defies unrest
The east African country continues to attract investment in oil and gas projects, but concerns over security are still impeding developments in the gas-rich north
Exodus from Canada’s oil sands continues
Companies are still fleeing the carbon-heavy assets, despite the industry committing to net-zero emissions by 2050 through the Pathways Alliance
Energy costs hit European refining
Margins narrowed considerably in the third quarter but still remain elevated for the time of year, as the continent continues to adapt following Russia’s invasion of Ukraine
QatarEnergy’s INOC paradox
The state-owned LNG heavyweight is adamant that it is a purely commercial enterprise, but the evidence is conflicting
EU takes aim at the TTF
The bloc’s energy crisis plans include proposals that threaten to distort the global gas market and may have unintended consequences
The Pasca A and P’Nyang developments are now in doubt
Papua New Guinea PNG ExxonMobil TotalEnergies
Simon Ferrie
22 April 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Papua New Guinea risks LNG ambitions

The county’s negotiating tactics are damaging its reputation among developers

Papua New Guinea’s clumsy attempts to secure greater returns from LNG projects continue to discourage investors, particularly as the country was already seen as challenging given its difficult terrain, limited infrastructure, frequent civil unrest, high level of corruption and potential for earthquakes. At least one major development—the Total-operated 5.33mn t/yr Papua LNG scheme—remains on track in the resource-rich island nation, while a smaller scheme—Pasca A—has become the latest project thrown into doubt by government negotiation tactics.   The Papua LNG partners—comprising France’s Total (40.1pc), ExxonMobil-subsidiary InterOil (36.5pc) and ASX-listed Oil Search (22.8pc)—signed a fis

Also in this section
Andean upstream feels the heat
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Fifty years of oil trading
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
OPEC+ keeps more barrels off market in April
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
Australia’s post-election energy priorities
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search