A portion of the existing gas pipeline in the Highlands
Papua LNG targets 2024 FID
The Pacific nation’s second liquefaction development will overlap significantly with the existing PNG LNG project
TotalEnergies and partners expect to take FID on the 6mt/yr Papua LNG project in early 2024 and start production before the end of the decade. The scheme will be Papua New Guinea’s second LNG development and is closely tied into the existing, ExxonMobil-led 8.3mt/yr PNG LNG facility. "We are progressing towards the [Papua LNG] FID, completing the engineering design of the project with an FID targeted early next year,” said Nicolas Terraz, TotalEnergies’ president for exploration and production. That projected FID date fits with previously announced plans to start production in 2028. Additionally, Terraz stated that “we are not far” from concluding “oil-linked project contracts” for the devel
Also in this section
28 April 2025
Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market
25 April 2025
PetroChina, Sinopec and CNOOC are aiming to rebalance their energy mixes but face technically difficult deepwater and shale task
25 April 2025
EACOP has overcome a significant hurdle, with a group of regional banks providing an initial financing tranche for a scheme that has attracted criticism from environmental campaigners
24 April 2025
The government hopes industry reforms can drive ambitious upstream plans
