Papua lng totalenergies A new climate bomb. ” The Papua LNG project of 5. 55 percent operating stake in the Papua LNG project, ExxonMobil has 37. Feb 7, 2025 · TotalEnergies has a 37. The contract was awarded to Vinci Construction Terrassement SpieCapag Niugini Limited (VCTSC) for the Upstream Early Works and Infrastructure Package. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. papualng. 04 percent, Santos owns a 22. Papua LNG in brief. 83 percent interest, and JX Nippon holds 2. The Papua LNG project alone would increase the country’s annual emissions from the industrial and energy sectors by 7%, resulting in over 220 million tons of CO2 emissions (scope 3), or as much as the annual emissions of the whole of Bangladesh and its 169 million inhabitants. Jan 22, 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. While several factors have delayed the final investment decision on Papua LNG, Papua New Guinea’s second gas project, Jean-Marc Noiray, Managing Director of project lead TotalEnergies E&P PNG, says he’s “confident” the project will reach that landmark this year, “with all the lines of activity progressing well: technical optimisation, regulatory permitting, gas marketing and project 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. 5% interest at the Final Investment Decision planned by end 2023-early 2024. 6 million tonnes per year (Mt/y). 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). *** TotalEnergies in Papua New Guinea TotalEnergies has been present in Papua New Guinea since 2011. Papua LNG Project led by TotalEnergies (40. “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. 1%) and Santos (22. 7 Mtpa capacity each and will unlock over 1 billion barrels of oil equivalent of natural gas resources. 04/08/2024: Joint Statement of the Independent State of Papua New Guinea and TotalEnergies; 03/07/2023: Papua New Guinea: TotalEnergies launches integrated engineering studies for the Papua LNG project; 07/20/2022: Papua New Guinea: TotalEnergies Announces New Milestone towards Papua LNG Development recommendations that can be found on the Papua LNG website (www. I am pleased with the outcome of this meeting with clear Papua New Guinea: TotalEnergies Announces New Milestone towards Papua LNG Development Paris, July 20, 2022 – TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. 58 per cent). “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. Apr 8, 2024 · Download the Press Release (PDF) Paris/Port Moresby, April 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. The estimated US$10 billion project will effectively involve two parts. TotalEnergies EP PNG (TEP PNG) Ltd, has announced the first engineering, procurement, construction (EPC) contract for the Papua LNG project. The Project will have a projected LNG export volume of 5. 1%) with ExxonMobil (37. 04 per cent), Santos (22. "The TotalEnergies prépare une nouvelle bombe climatique en Papouasie-Nouvelle-Guinée : le projet de gaz naturel liquéfié (GNL) “Papua LNG”. The State of Papua New Guinea may exercise a back-in right of up to 22. Apr 8, 2024 · Pouyanne reaffirmed that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are “fully committed” to Papua LNG. Apr 8, 2024 · A meeting between the Chief Executive Officer (CEO) of French energy giant TotalEnergies and the Prime Minister of Papua New Guinea has enabled the duo to discuss the development of a liquefied natural gas (LNG) project for which a final investment decision (FID) has now been moved to 2025. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. The Papua LNG project is committed to building long-term constructive relationships with its stakeholders and providing benefits for the country. Jul 20, 2022 · Download the Press Release (pdf - 224 KB) Paris, July 20, 2022 – TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. Early works are on track for 2024. com. 83 per cent) and JX Nippon (2. Papua LNG is a liquefied natural gas (LNG) project led by TotalEnergies, with a 37. Mar 7, 2023 · TotalEnergies holds 40. Apr 9, 2019 · It will further strengthen our position in the Pacific basin and ensure our future LNG portfolio growth. “In particular, he shared the high interest of several LNG buyers for off-taking LNG from Papua LNG due to its strategic location close to key Asian markets,” he said. pg). . 58 percent. Illustration; Source: Santos May 5, 2021 · The Deputy Prime Minister stated: “it was very important for the Government of Papua New Guinea to meet Total Chairman and CEO and the French authorities to stress the importance to our nation of the Papua LNG project, and to pledge the full support of our government to this project. 55 per cent interest, and including ExxonMobil (37. 8%). 4 million tons per annum (Mtpa) capacity will consist of two LNG trains of 2. 1% interest in Papua LNG, along with its joint venture partners ExxonMobil (37. fzhybuzr lkwc ptmuowa brfn utvw mguzmmup vvct kriygi zlmfcjpy vdkpx yxom ogh kgg yhakd uhhlw