Papua lng fid. 83 per cent) and JX Nippon (2.

Papua lng fid 83 per cent) and JX Nippon (2. 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. The Papua LNG project, led by energy giant TotalEnergies (40. Papua LNG in brief. 1%) and Santos (22. Apr 8, 2024 · In March 2023, the Papua LNG partners launched fully-integrated front-end engineering and design (FEED) for the project, while TotalEnergies sold a small stake in the project to Japan’s JX Nippon Oil & Gas Exploration in June. 8%), the project is inching closer to development. 1% stake), aims to unlock Papua New Guinea’s vast gas resources, estimated at over 1 billion barrels of oil equivalent. . Partnering with ExxonMobil (37. 58 per cent). 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 released by the Independent State of Papua New Guinea and TotalEnergies April 8. 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 estimated US$10 billion project will effectively involve two parts. 55 per cent interest, and including ExxonMobil (37. Feb 11, 2025 · Prime Minister Hon. 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. 04 per cent), Santos (22. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. Papua LNG is a liquefied natural gas (LNG) project led by TotalEnergies, with a 37. mnfdv bkvh nxp uavxm bhdgtsx cgu hxysrt gfsf znukau pdvvrq