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
6 January 2025
Capacity additions during the Biden administration were the highest for a single-term president
3 January 2025
Supporters of the LNG industry need to concentrate on the areas with the most potential before the sector runs out of time to make its mark
2 January 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
2 January 2025
The climate narrative has centred on phasing out fossil fuels in favour of renewables and novel solutions, but increasingly, policymakers are realising the importance of hydrocarbons as an enabler of the transition
