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
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
