Papua lng latest news “PNG LNG remains a world-class asset Jan 6, 2025 · The Government of Papua New Guinea (PNG), Hevehe Petroleum, and Twinza Oil have signed the Pasca Gas Agreement, marking the country’s first offshore petroleum project. This ambitious undertaking aims to harness the Elk-Antelope gas fields in Papua New Guinea’s Gulf Province, potentially solidifying the nation’s status as a major player in the global energy market. we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the May 24, 2023 · The advantages of having a second Liquefied Natural Gas (LNG) project in a country like Papua New Guinea is important and strategic in that the people are attached to the land, and they want to feel they are part of the extraction of resources and wealth -- and they can only do that through the development of their customary land. 6-million-ton-per-year Papua LNG export terminal have raised concerns about feedstock shortages for PNG LNG, Exxon’s flagship joint venture. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed Oct 31, 2024 · The midstream is the 320 kilometres of onshore and offshore pipelines, while the LNG scope is the four new electric trains at the existing PNG LNG facility operated by ExxonMobil. May 12, 2025 · The General Manager of the Overseas Mineral Resources Business Department of Nittetsu Mining Co. Tony Jordan reports. we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the Jun 18, 2024 · ExxonMobil PNG’s Chairperson and Managing Director, Tera Shandro said as the single largest business investment in the country, the ExxonMobil operated PNG LNG Project has not only helped launch a new industry, but it has also provided valuable insights into how resource development companies can partner with the country to unlock additional Apr 8, 2024 · James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, met together to discuss the status of the Papua LNG project. Jul 14, 2021 · Prime Minister James Marape said that the Papua LNG project in the Gulf will enter pre-Feed (front end engineering and design) in September. Kerenga Kua, at the Dream Jan 29, 2025 · Prime Minister James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. Limited, Mr. 1 per cent), Santos (22. Peter Clarke, recently shared his insights on the success of Papua New Guinea’s liquefied natural gas industry and the bright opportunities ahead as a keynote speaker at Kumul Petroleum Holding Limited’s Petroleum and Energy Conference held in Port Moresby. The focus has shifted from Oil to Liquefied Natural Gas (LNG Dec 10, 2024 · It involves the development of the Elk and Antelope gas fields in the eastern Papuan Basin, a pipeline to the PNG LNG site near Port Moresby and the construction of new electric LNG processing units. Dec 10, 2024 · Timing is everything in LNG, and delays at the planned 5. ” Feb 29, 2024 · It is estimated that Papua LNG would emit 220 million tonnes of carbon dioxide , further exacerbating the climate change challenges faced by Papua New Guinea’s population. ” Dec 6, 2024 · Santos has announced the successful completion of the Angore project in Hela Province, Papua New Guinea, further bolstering the country’s liquefied natural gas (LNG) production capacity. . Jan 23, 2025 · ExxonMobil’s Chief Executive Officer Darren Woods has assured Papua New Guinea Prime Minister James Marape that the company is working closely with TotalEnergies and other partners to ensure timely decisions and progress on the Papua LNG project. Jan 22, 2025 · Prime Minister James Marape has assured the nation that the crucial Papua LNG project remains on schedule, despite facing initial cost concerns. Marape made this announcement after meeting TotalEnergies chief executive officer Patrick Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID. 5 mtpa floating LNG production unit in Papua New Guinea. Peter Bosip, Director of the PNG NGO CELCOR, stated that Crédit Agricole’s decision highlights the negative implications of the Papua LNG project on the climate 5 days ago · ECITB helps develop leadership safety skills for LNG project workers in Papua New Guinea Friday 23 May 2025 14:00. ECITB Global has delivered its Leading a Team Safely course internationally for the first time as part of a pilot programme with Hides Gas Development Company in Papua New Guinea. “Our goal is to brand Papua New Guinea as a green energy People in Papua New Guinea deserve clean energy and a sustainable economy. “Papua New Guinea is truly well-positioned for the future -- one where LNG will ExxonMobil plans to expedite the next stage of its 4. 9 million tonnes of liquefied natural gas each year which we export to four major customers in the Asia region. Papua New Guinea’s ambitious Papua LNG project is moving closer to a Final Investment Decision (FID), with Prime Minister James Marape confirming that significant progress has been made despite economic and logistical challenges. The preferred development concept continues to include processing up to 2mn t/yr of Papua LNG's raw gas through the 6. We would like to show you a description here but the site won’t allow us. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. 2 billion) Papua LNG project has commenced. Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed economically unfeasible. Mar 27, 2024 · The Government and the project partners for the US$12 billion (or K36 billion) P'nyang LNG project in Western signed the Fiscal Stability Agreement on March 18, 2024 in Port Moresby. “Papua LNG is perfectly located to serve the Asian markets,Continue reading "TotalEnergies country head Oct 21, 2024 · Chinese yard Wison New Energies has won a pre-front-end engineering and design contract for a 1. Jan 30, 2025 · Find the latest news on the Papua LNG project here : Feb 11, 2025 · Prime Minister Hon. G967, No. Woods made this commitment during discussions in Feb 3, 2025 · Prime Minister James Marape concluded a series of high- level meetings at the World Economic Forum with a productive discussion with Patrick Pouyanné, CEO of TotalEnergies, focusing on the Papua LNG project and its future progress. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. Jan 23, 2025 · Papua New Guinea Prime Minister James Marape has revealed that the initial tender of US$18 billion (about K72 billion) for the construction of the Papua LNG project was deemed economically unfeasible, prompting a comprehensive review by project partners. The Project will have a projected LNG export volume of 5. Jan 29, 2025 · Prime Minister James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. Apr 1, 2025 · From there, 320 kilometres of pipeline, of which 60 kilometres is onshore, will transport gas to the existing PNG LNG facility operated by ExxonMobil. PNG has already identified renewable energy projects that could dramatically expand energy access for everyday people. Papua LNG is a liquefied natural gas (LNG) project led by TotalEnergies, with a 37. As the premier source of information for the latest industry updates in the Pacific nation, PNG Mining keeps readers up to date on news, trends and insights, and is the official resource of the PNG Industrial and Mining Resources Exhibition Jan 22, 2025 · Prime Minister James Marape has assured the nation that the crucial Papua LNG project remains on schedule, despite facing initial cost concerns. Historic Signing Ceremony The signing ceremony, led by Governor General Sir Bob Dadae and attended by Prime Minister Hon. 83 per cent) and JX Nippon (2. Kumul Petroleum Holdings wants to site an Jan 13, 2025 · The company recognises PNG’s negative carbon footprint and the country’s potential to market its LNG as a cleaner, more sustainable energy source in the global market. “The commencement of upstream FEED studies is another significant step towards developing the Papua LNG project, which will increase Papua New Guinea’s LNG export capacity and thus contribute to its further development,” said Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies. Dec 9, 2024 · Santos, alongside project partners TotalEnergies and ExxonMobil, is gearing up for a critical decision on the $15 billion Papua LNG project by late 2025. 55 per cent interest, and including ExxonMobil (37. PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. The estimated US$10 billion project will effectively involve two parts. Nov 26, 2024 · PNG Mining is an industry-leading online news resource focused on the Papua New Guinea resources sector. The signing between the State and Twinza Oil Limited took place yesterday in Port Moresby. G969 for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. Oct 28, 2024 · ExxonMobil Senior Vice President of Global LNG, Mr. Apr 8, 2024 · TotalEnergies said its CEO Patrick Pouyanne recently told Papua New Guinea Prime Minister James Marape the project would need to work with third-party contractors to reach commercially viable engineering, procurement, and construction contracts. Back. The multi-billion-dollar Liquefied Natural Gas (LNG) project is led by TotalEnergies, ExxonMobil, and Santos, with operations expected to commence in the coming […] Mar 7, 2023 · A long-awaited milestone towards Papua New Guinea’s next phase of economic growth was reached yesterday with the announcement by joint venture partners, TotalEnergies (40. The climate crisis is hurting our people, our lands, our livelihoods. 4 trillion ft³ (125bn m³) P'nyang gas field in Papua New Guinea (PNG), which is considered critical to the future of the nation's two major LNG projects. This will make our LNG more attractive to buyers in both spot and long-term contracted markets. 8 per cent) and ExxonMobil (37. “Papua New Guinea is truly well-positioned for the future -- one where LNG will Oct 28, 2024 · ExxonMobil Senior Vice President of Global LNG, Mr. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much Feb 10, 2025 · TotalEnergies and Exxon Mobil say they are still working toward a final investment decision (FID) on the delayed Papua LNG project amid efforts to reduce costs. With […] Jul 20, 2022 · “The commencement of upstream FEED studies is another significant step towards developing the Papua LNG project, which will increase Papua New Guinea’s LNG export capacity and thus contribute to its further development," said Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies. This landmark deal promises significant economic and social benefits. This milestone development, unveiled on November 19, marks a significant step forward for the PNG LNG venture, delivering up to 350 million standard cubic feet (mmscf) of gas per day. The Angore project Jan 20, 2025 · “We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said. 9mn t/yr ExxonMobil-operated PNG LNG plant. New gas volumes imminent for Papua New Guinea's flagship LNG project. 6 million tonnes per year (Mt/y). James Marape, senior ministers Oct 21, 2024 · Stay updated on Santos' $15 billion LNG project in Papua New Guinea with latest developments and challenges. This will make our LNG more attractive to buyers in both spot - and long-term contracted markets. “Our goal is to brand Papua New Guinea as a green energy nation, producing LNG from a country with a negative carbon footprint. On this occasion, Patrick Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are fully committed to Papua LNG. Our operations are producing approximately 7. Santos has announced plans to finalise a decision in 2025 regarding its proposed $15 billion liquefied natural gas (LNG) project in Papua New Guinea (PNG LNG). Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western Mar 7, 2023 · A long-awaited milestone towards Papua New Guinea’s next phase of economic growth was reached yesterday with the announcement by joint venture partners, TotalEnergies (40. Dec 3, 2024 · Papua LNG in brief. The Prime Minister and Patrick Pouyanné agreed that this slight delay will not affect the early works planned in Papua New Guinea in 2024 and that the project will maintain its full support to local population of Gulf Province. Richard Maru, in Tokyo this morning to express interest to invest in Papua New Guinea (PNG), especially in the mid-size copper and limestone operation. It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. This was announced officially by the Minister of Petroleum and Energy, Hon. “When we combine the gas resources from Papua LNG and P’nyang LNG fields, we have 11 trillion cubic feet (TCF) of gas. The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources. G968 and No. 1 per cent) that the fully-integrated front-end engineering and design (FEED) work on the US$10 billion (K35. As the premier source of information for the latest industry updates in the Pacific nation, PNG Mining keeps readers up to date on news, trends and insights, and is the official resource of the PNG Industrial and Mining Resources Exhibition Nov 13, 2024 · Santos CEO Mr. The $10bn project to build Papua New Guinea's second LNG export terminal was initially expected to reach an FID by early 2024 ahead of first production in early 2028, but this was TotalEnergies EP PNG Limited (TotalEnergies), the operator of the Papua LNG project, in alignment with its ongoing commitment to community development, presented Pocket Sunshine solar lamps to Grade 8 students at St John Bosco Catholic Primary School in Kuriva, Koiari Rural LLG, Central Province, on March 1, 2025. 04 per cent), Santos (22. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent Apr 8, 2024 · TotalEnergies has postponed a final investment decision on the planned Papua LNG project in Papua New Guinea to 2025, from an earlier expected date of this year, according to the joint statement relea Feb 12, 2025 · PNG Mining is an industry-leading online news resource focused on the Papua New Guinea resources sector. 58 per cent). Nov 22, 2024 · Latest News; Watchlist; Investing. Kevin Gallagher recently called Papua New Guinea’s Liquefied Natural Gas (PNG LNG) project a "world-class asset" that boasts a low-cost, low-emissions intensity profile. We don’t need fossil gas and 95% of Papua LNG’s gas will be sent overseas. "The Jan 14, 2025 · “We discussed aligning our LNG production with PNG’s green credentials,” PM Marape stated. Shinichiro Mita, met with the Minister for International Trade and Investment, Hon. $7 billion plans that are expected to unlock up to 3 trillion cubic feet of extra natural gas resources for the Tangguh LNG facility in West Papua Mar 7, 2023 · “This project, strongly supported by the Papua New Guinea State, will contribute to the security of LNG supply, especially for customers in Asia, where LNG can substitute coal for power The General Manager of the Overseas Mineral Resources Business Department of Nittetsu Mining Co. “We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said. Mar 21, 2023 · Photo Credit: Papua LNG - Map showing 260 km of offshore pipeline and 60 km of onshore pipeline extending from Elk and Antelope fields to Caution Bay On March 07, 2023, in separate announcements, Santos, TotalEnergies, and Exxon announced the Papua LNG project had launched the first phase of a fully integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Santos today announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. He told PNG Business News that the project continues to deliver reliable LNG supply to key markets in Asia, reinforcing its vital role in the global energy landscape. James Marape has reaffirmed his government’s commitment to advancing the Papua LNG project, confirming that Final Investment Decision (FID) is expected by the end of 2025, paving the way for a new wave of economic growth in Papua New Guinea’s oil and gas sector. Feb 22, 2022 · IRVING, Texas – ExxonMobil subsidiary Esso PNG P’nyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the P’nyang project gas agreement for the proposed development of the P’nyang LNG project. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028. LNG. Oct 17, 2024 · ExxonMobil and its joint venture partners in the Papua New Guinea LNG project will soon receive a much-needed injection of new gas from a US$1 billion gas field development in the jungles of the Mar 7, 2023 · “The Papua LNG Project is a project of national significance for Papua New Guinea and will stimulate business confidence and provide a significant impetus for our economy” said the Honorable Kerenga Kua, Minister of Petroleum and Energy of Papua New Guinea. In particular ExxonMobil is proud to have signed the P’nyang Gas Agreement with Papua New Guinea linking new upstream facilities in Western Province to existing infrastructure. According to Prime Finally, the LNG Plant, currently used to compress gas for export for the ExxonMobil-led PNG LNG project, will need to be expanded to accommodate the new PRL15 gas, with an additional two trains to be constructed, as well as condensate storage and a new flare system. Nov 19, 2024 · The ExxonMobil-led PNG LNG project in Papua New Guinea during construction. Learn about the economic impact and future plans. The Marape-Rosso government places high priority on the delivery of Papua LNG Jan 22, 2025 · The Prime Minister emphasised the government’s focus on synchronising Papua LNG and P’nyang LNG to maximise benefits for Papua New Guinea. Dec 23, 2024 · Papua New Guinea has taken a significant step in the energy sector with the signing of an agreement to develop the country’s first offshore gas project, Pasca A, in the Gulf Province. “Our goal is to brand PNG as a green energy nation, producing LNG from a country with a negative carbon footprint. Prime Minister Marape confirmed substantial progress on the re-engineering and re-scoping of Papua LNG, which is now moving toward the next phase of development We would like to show you a description here but the site won’t allow us. Explore the significant cost overrun, delays, and the latest updates on the project. Four new electric LNG trains will be built at Papua LNG is a liquefied natural gas (LNG) production project led by TotalEnergies in response to Papua New Guinea’s desire to develop its gas resources. Papua LNG is Dec 11, 2024 · Discover the challenges faced by TotalEnergies and Santos in the Papua LNG project. nljppu qljxmn euoys awgmq uojjrf iiqneyed qoqlp pxrvnhwy wkmlqai efdsftj