Papua lng latest news today 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. 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). 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 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. Bringing all the Papua New Guinea latest News, PNG News, PNG Latest News, Looppng News, PNG breaking news, PNG Economy News, PNG Sports news, PNG Business News, PNG Hunters Ne Mar 25, 2025 · The P'nyang field, which holds estimated reserves of 125 bcm of gas will underpin the development of one additional 2. Apr 7, 2024 · operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are fully committed to Papua LNG. G967, No. James Marape recently praised the economic opportunities the Papua LNG Project and the Wildebeest LNG Project are set to bring, as both natural gas projects underline the potential for business growth and development in the region. 5 trillion cubic feet of gas and 57 million barrels of condensate on a gross best estimate contingent basis, and will have planned production capacity of People in Papua New Guinea deserve clean energy and a sustainable economy. Similar to the Early Works Information Session held earlier in May in both Port Moresby and Lae, Papua New Guinean business houses received up-to-date information on the Papua LNG project, its procurement process, key packages and upcoming tenders in 2024 for the project. James Marape, MP has announced that his Cabinet has cleared the P’nyang Gas Agreement, which now awaits signing between the State and ExxonMobil who is the lead project developer of the Petroleum Retention License (PRL) 3. 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. Pre-feed (front end engineering design) work has already begun, Kua informed Parliament. 04 per cent), Santos (22. 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. AccordingTotalEnergies, the FEED process will initially centre on the upstream production facilities for the project, which are based on the Elk and Antelope gas fields in PNG’s Gulf Province. 5m tonnes per year to existing capacity at the PNG LNG plant. ” 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. As the operator of the PNGLNG project, it highlights the progress on its other tie-in investments and potential prospects through exploration. natural gas expansion would surrender world to fatal warming, experts say – Mongabay. Mar 18, 2024 · The agreement between the PNG Government and the P’nyang LNG Project co-venturers, including Esso PNG P’nyang Ltd and Ampolex (PNG) Ltd – both affiliates of ExxonMobil – along with affiliates of Santos and JX Nippon, was witnessed by the Governor General, Sir Bob Dadae. We look at what happens next. With […] Jan 13, 2025 · “We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said. 28 billion) Papua LNG project is on track, according to Petroleum Minister Kerenga Kua. Any delays to Papua LNG will directly impact P’nyang's timeline, as FID is reportedly slated to be delayed until beyond the start-up of Papua LNG. We were there when the nation took its first bold steps towards independence. 4 trillion ft³ (125bn m³) P'nyang gas field will begin immediately after the 5. Given that Total Energies announced FEED (front-end engineering and design) for the Papua LNG Project in July of this year, Minister for Petroleum and Energy Kerenga Kua believes that PNG will export LNG in the ensuing decades Oct 17, 2024 · In its third-quarter 2024 report, Santos reported that PNG LNG production in that quarter was at an annualised production rate of 7. 00) for the Papua New Guinea’s Papua LNG project after meeting with PNG’s Foreign Affairs Ministry yesterday. According to Laden, PNG presently accounts for 2% of the market for LNG, which produces eight to nine million tonnes annually. Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P'nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. 5% under the Oil and Gas Act and a negotiated commercial equity of 12. Feb 18, 2022 · Prime Minister Hon. 1% Dec 19, 2024 · Post Courier. 6 million tonnes per year (Mt/y). 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). Jun 18, 2024 · This weeks Helpdesk highlight ExxonMobil PNG Ltd LNG exploration and Development updates. We don’t need fossil gas and 95% of Papua LNG’s gas will be sent overseas. PM Marape called on the residents of Gulf Province to prepare to supply goods and services to the forthcoming projects, emphasizing the 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. Dec 9, 2024 · In a significant development announced during his speech at the PNG Resource Week in Sydney this morning, Prime Minister James Marape revealed that China has committed to purchasing 3 billion metric tonnes of gas from Papua New Guinea's (PNG) Papua LNG project. Aug 12, 2021 · The US$12 billion (K41. A final investment decision (FID) for the P'nyang field is targeted for 2029, following the start-up of the planned 5. The climate crisis is hurting our people, our lands, our livelihoods. Learn about the economic impact and future plans. In 2023, there will be a Fid (final investment decision) and a building phase. In particular Sep 21, 2022 · By 2032, it is anticipated that the Papua Liquefied Natural Gas project (Papua LNG) would produce an additional 2–3 million tonnes of liquefied natural gas annually. He said PNG would produce LNG through to 2060 and pointed to the 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 8, 2024 · 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. With an estimated US$20-25 billion in construction activity over the next decade, the government is ensuring that PNG is positioned for long-term prosperity. May 25, 2022 · Eight clans along the LNG Pipeline corridor are Evara, Hepere, Arehava, Paevera, Avavu, Huruta, Ere and Kilari claimed that the forum had also compiled an unofficial percentage breakup of their royalties for the upcoming Papua LNG project. Dec 10, 2024 · Timing is everything in LNG, and delays at the planned 5. Sep 22, 2024 · Prime Minister James Marape today announced that discussions on the Pasca A Gas Project, which aims to develop the Pasca A gas-condensate field located approximately 95km offshore from Gulf Province, are progressing well. Aug 10, 2023 · Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. Papua LNG Project led by TotalEnergies (40. This was announced officially by the Minister of Petroleum and Energy, Hon. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much Dec 11, 2024 · Discover the challenges faced by TotalEnergies and Santos in the Papua LNG project. 6mn t/yr Papua LNG starts production in 2028, with synchronisation planned between the two projects. Jan 16, 2025 · The leading global oil, gas and energy news resource. Tony Jordan reports. Jan 22, 2025 · Marape stated, "We aim to ensure that once Papua LNG is operational, efforts will be made to develop the P’nyang LNG. 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. Apr 9, 2024 · News of the delayed FID came through discussions between James Marape, the Prime Minister of Papua New Guinea, and Patrick Pouyanné, chairman and chief executive officer of TotalEnergies, during Feb 23, 2022 · Photo credit: Santos Ltd Santos has joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that provides a clear framework for P’nyang’s future development. Oct 21, 2024 · Stay updated on Santos' $15 billion LNG project in Papua New Guinea with latest developments and challenges. This decision adds to the struggles faced by TotalEnergies in securing funding for the gas mega-project, which is supported by French President Emmanuel Macron. 83 per cent) and JX Nippon (2. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Mar 4, 2024 · ExxonMobil PNG Limited, the operator of PNG LNG Project is helping to build the capacity of conservation workers and researchers in the country to help nurture and protect Papua New Guinea’s unique environment. This much-anticipated match follows the recent successes of the Feb 29, 2024 · This week, news broke that French bank Crédit Agricole and financial adviser to oil giant TotalEnergies, has announced that it will not provide direct financing for the Papua LNG project. com – News Release Feb 13, 2025 · Italy's largest banking group, Intesa Sanpaolo , and the Asian Development Bank (ADB) said they will not finance a $10 billion LNG project in Papua New Guinea, as environmental groups lobby Mar 7, 2023 · Papua LNG is on course to be the Pacific island country’s second gas project, and PNG Prime Minister James Marape hopes the development will spur economic growth in a country where large amounts 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. 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. From the impact of tariffs on US-China relations, to the growth of LNG demand in Asia, S&P Global Commodity Insights explores the global implications of regulatory shifts, infrastructure expansions, and supply-demand dynamics on the LNG landscape. “Papua New Guinea is truly well-positioned for the future -- one where LNG will 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. lcqr phkhdst mcfi frjuhf phzr fyyc ykusvy gxafjd xuhzx uflggm azbw oakhk rdqn utlwm vylqng