Papua LNG seals deal
Agreement with Papuan New Guinean state is an important milestone for an unusual project
Total and its partners, ExxonMobil and Australian-listed independent Oil Search, signed a gas agreement in April with host country Papua New Guinea, aimed at defining the fiscal framework for the Papua LNG Project. This gas agreement allows the partners to start the front-end engineering design (FEED) study, ahead of a planned final investment decision (FID) in 2020. Papua LNG is, in simple terms, a 5.4mn t/yr plant, consisting of two trains of 2.7mn t/yr each. However, as shown in Fig1, it is slightly more complicated than that. It will share facilities with ExxonMobil's PNG LNG plant at Caution Bay, benefitting "from the brownfield synergies with existing liquefaction facilities", accordin
Also in this section
11 August 2025
The administration is pushing for deregulation and streamlined permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
