Papua lng latest news 2024 update today. 2 billion) Papua LNG project has commenced.
Papua lng latest news 2024 update today. Apr 21, 2025 · Prime Minister Hon.
Papua lng latest news 2024 update today Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed economically unfeasible. 1 per cent) that the fully-integrated front-end engineering and design (FEED) work on the US$10 billion (K35. Naftogaz Group and ORLEN have signed an agreement for the supply of a further 100 million m3 of LNG, bringing the total contracted volume to 300 m3. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. 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. Dec 10, 2024 · James Marape reported “good progress” in reducing a 50 per cent cost blowout that delayed the Papua LNG project, but doubts remain on its timing. 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. Jan 30, 2025 · Find the latest news on the Papua LNG project here : 2024 The Kapuna Rural Hospital in Gulf Province has achieved a significant milestone with its recent. On day three of the 2024 Papua New Guinea Investment Week in Sydney, TotalEnergies EP PNG Limited (TotalEnergies), Operator of the Papua LNG Project, had two representatives engage in lively panel discussions on sustainable climate transition investments and strategies to empower women in the workplace. 1 per cent), Santos (22. 1%) with ExxonMobil (37. 45pm Fetching latest articles. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much Apr 21, 2025 · Prime Minister Hon. He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western 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 Papua LNG Project led by TotalEnergies (40. Early works are on track for 2024. Just days after the first contracts for initial construction works on the Papua LNG gas project were announced, PNG’s Minister for Petroleum and Energy warned that the crucial final investment decision for the US$10 billion project may be delayed until later in 2024. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent 5 days ago · Naftogaz buys 100 million m3 of LNG from ORLEN Friday 25 April 2025 12:00. 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. “Papua LNG is perfectly located to serve the Asian markets,Continue reading "TotalEnergies country head Dec 11, 2024 · OIL & GAS Papua LNG cost blowout triggers calls for redesign, Santos sticks to 2025 timeline . 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. A final investment decision on the Papua LNG project in Papua New Guinea remains on the agenda for this year. 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 will create a multi-year economic stimulus, driving investment in infrastructure and services,” Marape said. 8 per cent) and ExxonMobil (37. Feb 12, 2025 · The Papua LNG project is expected to generate significant employment opportunities in the next six to seven years as construction progresses. 1%) and Santos (22. We would like to show you a description here but the site won’t allow us. The TotalEnergies-led Papua LNG project will face challenges in 2024 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. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. 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. PNG government pushes for cost cuts amid reported 50% budget surge Feb 11, 2025 · Prime Minister Hon. 2 billion) Papua LNG project has commenced. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). Your weekly digest of business news. 2024 – 6. . 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. 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. 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. Managing Director of project lead TotalEnergies E&P PNG, Jean-Marc Noiray, walks Business Advantage PNG through the milestones ahead for the US$10 billion-plus gas project. vpcwqp isibj bqfz hcejacn eiqmdry hmiy yitqt mcgb orubs xkmt vqmpv lctbt vez dsyb njaeu