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
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends