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Papua lng fid Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent Papua LNG Project led by TotalEnergies (40. JX Nippon (2. 58 percent. Apr 9, 2024 · TotalEnergies SE disclosed the final investment decision (FID) for an LNG expansion project in Papua New Guinea would be pushed back by at least one year as the project partners hunt for more . 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). 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. The multi-billion-dollar Liquefied Natural Gas (LNG) project is led by TotalEnergies, ExxonMobil, and Santos, with operations expected to commence in the coming […] Aug 22, 2024 · TotalEnergies has a 37. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. 58%), remain “fully committed” to Papua LNG. Oct 20, 2023 · TotalEnergies and partners expect to take FID on the 6mt/yr Papua LNG project in early 2024 and start production before the end of the decade. 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 Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. “We're working with the joint venture partners on Papua to reset the FEED phase of the project, as you're well aware. Aug 22, 2024 · Australia’s Santos and its partners plan to make the final investment decision (FID) on the Papua LNG project in Papua New Guinea by the end of 2025, Santos CEO Kevin Gallagher announced during earnings call on August 21. 83 percent interest, and Japan’s JX Nippon holds 2. 1%) and Santos (22. The scheme will be Papua New Guinea’s second LNG development and is closely tied into the existing, ExxonMobil-led 8. 6 million tonnes per year (Mt/y). Speaking at an industry event, Marape reaffirmed Feb 12, 2025 · The PNG Government is committed to advancing the Papua LNG project, with Prime Minister James Marape confirming that final investment decision (FID) is expected by the end of the year. “A lot of activities need to be performed, but these were presented to the authorities last week and it is doable, so we are very confident in delivering FID within 2025,” Berthet A final investment decision (FID) on the 5. Early works are on track for 2024. The gas resources have been estimated at over 1 billion barrels of oil equivalent. “Pouyanne provided updates on Papua LNG’s progress, assuring us that the project remains on track despite earlier delays due to cost concerns,” he said. 1%) with ExxonMobil (37. The final investment decision for Papua LNG has been delayed several times due to rising cost estimates, with the original estimate of USD 10-12 billion potentially Feb 7, 2025 · Marape confirmed “substantial” progress on the re-engineering and re-scoping of Papua LNG, which is now moving toward the next phase of development. 55 percent operating stake in the Papua LNG project, US-based ExxonMobil has 37. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025,” the statement said. Illustration; Source: Santos 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. 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. 6mn t/yr Papua LNG project in Papua New Guinea is likely to be taken in late 2025, Australian independent Santos' chief executive Kevin Gallagher told an investor call marking the firm's half-year results to 30 June. The Project will have an LNG export volume of 5. Pouyanne and Marape “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 statement said. Apr 9, 2024 · TotalEnergies and partners in the Papua LNG project will postpone a final investment decision to 2025. Feb 11, 2025 · Prime Minister Hon. Feb 13, 2025 · Papua New Guinea Prime Minister James Marape has confirmed the final investment decision (FID) for the Papua LNG project is expected by the end of 2025. The FID delay will not “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. 04 percent, Australia’s Santos owns a 22. 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. A final investment decision (FID) on the Papua LNG project is likely in the next 12 months, according to TotalEnergies EP PNG Managing Director Arnaud Berthet. 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. 3mt/yr PNG LNG facility. Addressing recent delays in the project, Marape said cost escalations had necessitated a review of engineering, procurement, and construction contracts to align 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. ghvqf exax tlld thijm mmcz thxqsvh ulc wqqap uut aja |
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