Papua lng latest news 2024 update today. Here are our top five takeaways from the event.

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. Jul 15, 2024 · President Joko Widodo (right) and Papua New Guinea Prime Minister James Marape give statements to the media after a meeting at the Presidential Palace in Bogor, West Java, on July 15, 2024. Apr 7, 2024 · As a consequence, FID of Papua LNG project is now expected in 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. Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. Papua LNG The integrated FEED (Front End Engineering Design) for the Papua LNG project was launched earlier this year with the Final Investment Decision (FID) expected sometime next year. 2 days ago · Post Courier. Exxonmobil is on the verge of making Papua New Guinea’s largest LNG discovery. The 5. This collaboration with West Papua's BUMD aims to ensure optimal use of the LNG allocation while adhering to current government regulations. 4 million tonnes per year Papua LNG is the second major gas project in the Dec 6, 2024 · Santos has announced the successful completion of the Angore project in Hela Province, Papua New Guinea, further bolstering the country’s liquefied natural gas (LNG) production capacity. . 4 days ago · The Conservation and Environment Protection Authority issued two environmental permits to Papua LNG project in Port Moresby yesterday, marking significant mile stone for the multi-million Athletics Breaking News Entertainment History Life new News Papua New Guinea Sport 1 day ago · Technician - Electrical (HV) - 16 days work, 12 days rest roster. ADNOC has announced the signing of a 15-year sales and purchase agreement Feb 11, 2025 · Prime Minister Hon. The Angore project Feb 22, 2022 · The P’nyang project would provide about four years of additional construction activity after Papua LNG and drive economic benefits for the country and participating provinces. 6-million-ton-per-year Papua LNG export terminal have raised concerns about feedstock shortages for PNG LNG, Exxon’s flagship joint venture. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent Prime Minister Hon. 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. Santos today announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Prime Minister James Marape today called on the people of Gulf Province to prepare to supply goods and services to the forthcoming Papua LNG Project and the Wildebeest LNG Project. TotalEnergies has announced that the anticipated start of its $20bn (€19. 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. Feb 18, 2022 · Prime Minister Hon. 1%) and Santos (22. Our operations are producing approximately 7. 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. Early works are on track for 2024. Jul 20, 2022 · “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. Mr Maladina said this after his inaugural visit to the project’s footprint areas in Gulf on Monday, January 29, 2024. 1%) with ExxonMobil (37. 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. 1 per cent), ExxonMobil (37 per cent) and Santos (22. 2 days ago · Group pays respect to Pope at Vatican embassy with traditional song. "The Who owns the Papua LNG project? The venture partners in the Papua LNG project are currently TotalEnergies (31. Ltd Thursday 17 April 2025 14:00. Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. The Prime Minister said: "When I took office in mid-2019, I committed to the nation better results from resource projects we were going to undertake Apr 8, 2024 · PARIS, April 8 (Reuters) - French oil and gas giant TotalEnergies , opens new tab on Monday said a planned new liquefied natural gas (LNG) project in Papua New Guinea would require 'more work We would like to show you a description here but the site won’t allow us. 2024 – 6. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028. 5 per cent interest in Papua LNG, which it is expected to formally exercise at the time of a final investment decision. Papua LNG has also secured the use of 2 Mt/y of additional liquefaction capacity in the existing trains of PNG LNG. Nov 20, 2024 · The Angore project has shown strong performance since its initiation, with two wells successfully commissioned and connected. The agency answered the letter but did not commit not to fund the Papua LNG project Jan 31, 2024 · Petroleum Minister Jimmy Maladina has expressed his strong desire to see the Papua LNG Project in Gulf start this year after the Final Investment Decision (FID) by developer TotalEnergies. Landowners from the Papua Liquefied Natural Gas (LNG) project are calling on relevant stakeholders in the project to address issues pertaining to usage of land, water ways, environment and spin off benefits among others. Termed wildebeest, it will be bigger than the PNGLNG and the Papua LNG combined, and the super major is working with the Minister for Petroleum and Energy Kerenga Kua and his team to advance exploration to determine the size of the resource. As the operator of the PNGLNG project, it highlights the progress on its other tie-in investments and potential prospects through exploration. We would like to show you a description here but the site won’t allow us. But further delays to the Papua LNG project could cause feedstock shortages at PNG LNG, as the former project is expected to provide 2mn t/yr worth of gas to the latter. Credit: Juozas Baltiejus/Shutterstock. 8 per cent) and ExxonMobil (37. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. Jul 16, 2024 · In the backdrop of investment projects proposed in the resource space, the issue of waste oil and its disposal has incurred hefty fines and reputational damage to the nation, and could seriously impact the shipments of one of the country’s lucrative exports in oil and LNG. Stay current with all the latest and breaking news about Port Moresby, compare headlines and perspectives between news sources on stories happening today. 3mt/yr PNG LNG facility. The Papua LNG project will create up to 6000 jobs at the peak of its construction period. Jun 18, 2024 · This weeks Helpdesk highlight ExxonMobil PNG Ltd LNG exploration and Development updates. The Project will have a projected LNG export volume of 5. This milestone development, unveiled on November 19, marks a significant step forward for the PNG LNG venture, delivering up to 350 million standard cubic feet (mmscf) of gas per day. However, inflationary pressures, a managed depreciation of the kina, and global uncertainties pose risks We would like to show you a description here but the site won’t allow us. Upon completion, the P’nyang Project would make available up to five percent of gas produced to Western Province or another agreed location to support the government Feb 13, 2024 · In a grim development for Papua New Guinea's economic future, Total Energy has advised the market that the US$12 billion Papua LNG Project is on the brink of collapse. Santos managing director and CEO Kevin Gallagher said: “The start-up of Angore is one of a number of PNG [Papua New Guinea] highlights in 2024 for Santos and our joint venture partners – ExxonMobil, Kumul Petroleum Holdings, Mineral Resources Development Company and More than 50 Papua New Guinea MPs have yet to submit their acquittals for the 2024 Service Improvement Programme (SIP) funds to the Department of Implementation and Rural Development (DIRD). 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. Mar 18, 2024 · This advancement was marked by the Fiscal Stability Agreement signing today at Government House, Konedobu. 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. 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. In total, 426 stories have been published about Port Moresby which Ground News has aggregated in the past 3 months. 7 million to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela, consisting of K19. The focus will be on local agriculture and fisheries for food supplies, forestry for timber, and tourism to accommodate the surge of workers and visitors expected. G968 and No. 8% in 2023, according to the November 2024 WESTPAC WAILIS PNG Economic Update. John Akipe was task in 2008 to do maintenance to all rundown DAL farms in order to beef up cattle productions, I was one of the 15 Vudal University students who were task to fence 500 hectares of land at Zuguru farm, Korofeigu at Lower Bena, Eastern Highlands Province. 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. 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. 6 million tonnes per year. The Catholic Charismatic Renewal, comprising Catholic faithful from the Highlands Region, joined the Catholic Bishops Conference of Papua New Guinea and Solomon Islands (CBCPNGSI) in paying their respects to Pope Francis at the Vatican Embassy today. A notable change includes Nene MacDonald transitioning to fullback, where his speed and experience will be vital in directing the backline. Feb 23, 2022 · With a gas agreement finally executed for the US$10 billion ExxonMobil-led P'nyang gas project, and a start date provided for front end engineering and design for TotalEnergies' Papua LNG project, Papua New Guinea's energy sector now has a clear roadmap for the rest of the decade. “Mr. The scheme will be Papua New Guinea’s second LNG development and is closely tied into the existing, ExxonMobil-led 8. Feb 12, 2025 · The Papua LNG project is expected to generate significant employment opportunities in the next six to seven years as construction progresses. PNG government pushes for cost cuts amid reported 50% budget surge 5 days ago · More LNG news updates. Your weekly digest of business news. 22:44 Updated 19 November 2024, we have been the go-to source for independent news and analysis of the major oil Nov 26, 2024 · Papua New Guinea (PNG) is set for economic recovery in 2024, with projected growth of 3. “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 . 8 million tonnes per annum compared to 8 million tpa in the Apr 8, 2024 · Marape and Pouyanne agreed the delay would not affect the early works planned in Papua New Guinea in 2024. 1 per cent) We would like to show you a description here but the site won’t allow us. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. Pasca A offshore gas project – Set to contribute to PNG’s LNG portfolio. 1 per cent) that the fully-integrated front-end engineering and design (FEED) work on the US$10 billion (K35. 7%, up from 2. 7 million in cash and K14 million in project component. Read More 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 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. Watch his exclusive fireside chat. “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. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. Oct 28, 2024 · ExxonMobil Senior Vice President of Global LNG, Mr. 6 million tonnes per year (Mt/y). Jan 22, 2025 · Prime Minister Marape confirmed substantial progress on the re-engineering and re-scoping of Papua LNG, which is now moving toward the next phase of development. 9 million tonnes of liquefied natural gas each year which we export to four major customers in the Asia region. Here are our top five takeaways from the event. ADNOC signs SPA with Mitsui & Co. “Papua LNG will create a multi-year economic stimulus, driving investment in infrastructure and services,” Marape said. 22bn) Mozambique LNG project will be postponed beyond 2029. (ANTARA FOTO/Muhammad Adimaja/Spt) Apr 9, 2024 · Santos’ planned $15 billion LNG project in Papua New Guinea has struck a further delay and is now targeting a final investment decision next year after initial bids from contractors vying to Aug 10, 2023 · Therefore, the government has sequenced the two projects, by firstly starting off with the development and the construction of the Papuan LNG project hopefully by 2024 and then move over to Pýnang, running back to back within the space of 4 years. May 8, 2024 · Prime Minister James Marape today called on the residents of Gulf Province to prepare to supply goods and services to the forthcoming Papua LNG Project and the Wildebeest LNG Project. Livestock Development Cooperation LTD under MD Mr. READ MORE: Waste oil – a timebomb for Papua New Guinea – Matthew Vari Aug 27, 2024 · Wapu Sonk, Managing Director of Papua New Guinea's state-owned oil and gas company Kumul Petroleum Holdings Limited, spoke about the way forward with the TotalEnergies-led Papua LNG project and the "unexpected blessings" its delay could bring at this month's 2024 Business Advantage PNG Investment Conference. 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. A final investment decision (FID) on the 5. By selecting e-trains and re-injecting the native CO2 produced into the reservoirs, Papua LNG demonstrates its commitment to the reduction TVWAN News | Midday | Thursday, 04th October 2024SUBSCRIBE to tvwannews on YouTube: https://bit. In total, 1,107 stories have been published about Papua New Guinea which Ground News has aggregated in the past 3 months. P’nyang gas project – Following Papua LNG to ensure long-term energy sector expansion. As Papua New Guinea’s state nominee, Kumul Petroleum Holdings and the Mineral Resources Development Company have an option to take up to 22. Feb 11, 2025 · In addition to Papua LNG, several major resource projects are moving towards development, including: Wafi-Golpu gold and copper project – Final agreements expected in 2025. 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 Jun 27, 2023 · Sir, Good account of your time in PNG. The project, which held immense potential for PNG's LNG sector, is now unlikely to reach its Final Investment Decision (FID) in 2024, as anticipated. Dec 22, 2024 · Sunday, December 22, 2024 Headlines, PNG News Papua New Guinea has taken a significant step in the energy sector with the signing of an agreement to develop the country’s first offshore Papua New Guinea has taken a significant step in the energy sector with the signing of an agreement to develop the country’s first offshore gas project Santos eyes new Papua New Guinea gas projects to feed LNG machine Field Development ‘Wealth of backfill options’: Santos to invest big in flagship LNG projects 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. Dec 9, 2024 · Santos, alongside project partners TotalEnergies and ExxonMobil, is gearing up for a critical decision on the $15 billion Papua LNG project by late 2025. 45pm Fetching latest articles. 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. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. Jan 10, 2025 · The LNG volume to be utilized is expected to meet PGN's demand of approximately 20 MMSCFD, or about 2 cargoes per year from the BP Tangguh Refinery in West Papua. 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. This was announced officially by the Minister of Petroleum and Energy, Hon. Continuing concerns about Papua LNG's FID slipping further may prompt Exxon to further advance P'nyang's development timeline. Thu, Apr 17, 2025 ENERGY INTELLIGENCE NEWS 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. - Eastern Highlands Job Type: Permanent About us K92 Mining Limited are the owners the high-grade Kainantu Gold Mine in Eastern Highlands Province. ly/tvwannewsPNG-YTLike us on Facebook: https://www. Dec 10, 2024 · Timing is everything in LNG, and delays at the planned 5. 2 billion) Papua LNG project has commenced. A final investment decision is expected to trigger the PNG State’s direct involvement in the venture, with the following percentages expected: TotalEnergies (31. 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. 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. 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 Mar 28, 2025 · The Business Advantage PNG editorial team was among the delegates at the 2024 Papua New Guinea Investment Week (formerly the Papua New Guinea Resources & Energy Investment Conference) in Sydney, held from December 8-11. facebook. 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. He noted that when combined, the gas resources from both fields would amount to 11 trillion cubic feet (TCF) of gas, representing a substantial opportunity for Papua New Guinea. Feb 10, 2025 · US-based Exxon Mobil has started term LNG supplies to China's Guangdong Energy via a cargo sourced from its Papua New Guinea LNG export plant. PARLIAMENT HOUSE, THURSDAY, 30 JANUARY 2025 My fellow Papua New Guineans, Today, we gather at […] Know More PM MARAPE MEETS UN WOMEN ASIA-PACIFIC REPRESENTATIVE TO DISCUSS WOMEN’S ISSUES IN PNG Its internal policy today does not exclude funding for projects such as the Papua LNG project. This ambitious undertaking aims to harness the Elk-Antelope gas fields in Papua New Guinea’s Gulf Province, potentially solidifying the nation’s status as a major player in the global energy market. 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. Business Advantage PNG examines what's in store. Kerenga Kua, at the Dream 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. Jan 22, 2025 · Prime Minister Marape emphasized that the government is focused on synchronizing the Papua LNG and P’nyang LNG projects to maximize benefits for the country. Hon. A final investment decision on the Papua LNG project in Papua New Guinea remains on the agenda for this year. 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. Date advertised: 26 Apr 2025 - *NEW* K92 Mining Inc. 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. Apr 8, 2024 · As a consequence, FID (final investment decision) of Papua LNG project is now expected in 2025," the company said. “Papua New Guinea is truly well-positioned for the future -- one where LNG will Dec 12, 2023 · It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. 8 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. Jul 24, 2024 · Today’s headline news includes the announcement of a major new gas project in the country, which is set to create jobs and boost the economy. PDL 7 was one of a series of upstream PDLs that had been hampered by 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. Aihi Vaki, the acting secretary, revealed that as of yesterday, only 62 out of the 118 MPs had complied with the submission requirement. 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. 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. G967, No. Don’t miss out on the latest news and trends in Papua New Guinea – subscribe to PNG News Update today! Mar 26, 2025 · In my commentary of PNG Business News, Issue 2, 2023 entitled: Petroleum Sector Reform for Papua New Guinea, I wrote about the need to apply better governance to the sector to achieve optimal outcomes for the State. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is Stay current with all the latest and breaking news about Papua New Guinea, compare headlines and perspectives between news sources on stories happening today. 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. Jan 23, 2025 · TotalEnergies planned to restart its delayed liquefied natural gas (LNG) project by late 2024, targeting operations by 2029. 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 Post-Courier is proud of its record as the voice of PNG. Apr 8, 2024 · TotalEnergies Chief Executive Patrick Pouyanne recently spoke to Papua New Guinea Prime Minister James Marape to discuss a planned LNG drilling project and agreed to modify the initial agreement Jul 28, 2022 · The FEED process is an essential step ahead of a final investment decision for the Papua LNG project, expected in late 2023. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much 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. These trains will be built within the existing liquefaction plant of PNG LNG in Caution Bay. The Mineral Resources Development Company was used to make the payment (MRDC). Dec 3, 2024 · The project will have an LNG export volume of 5. Marape and Pouyanne agreed the delay would not affect the early works planned in Papua New Guinea in 2024. 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. The head of local producer Kumul Petroleum earlier said the final investment decision was due in 2024. Jul 21, 2022 · Photo credit: TotalEnergies 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. This rebound is largely attributed to the resource sector, which continues to underpin the nation’s economy. The focus has shifted from Oil to Liquefied Natural Gas (LNG 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. Nov 19, 2024 · The ExxonMobil-led PNG LNG project in Papua New Guinea during construction. Pouyanne provided updates on Papua LNG’s progress, assuring us that the project remains on track despite earlier delays due to cost concerns. 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 Apr 3, 2025 · PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. Prime Minister Marape emphasised the importance of today’s signing as a testament to Papua New Guinea’s dedication to fostering increased economic activities and sending a positive signal to investors in the extractive sector. We were there when the nation took its first bold steps towards independence. Oct 26, 2024 · The Papua New Guinea Kumuls have finalized their squad for the Rugby League Pacific Championships match against the Fiji Bati, taking place on Saturday, October 19, 2024, at HFC Bank Stadium in Suva, Fiji. G969 for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. Prime Minister James Marape has announced the payment of K33. In December 2023, 50 civil society organizations asked the agency to commit not to fund the project, and to stop all financial support to new oil and gas projects. With […] May 24, 2023 · The advantages of having a second Liquefied Natural Gas (LNG) project in a country like Papua New Guinea is important and strategic in that the people are attached to the land, and they want to feel they are part of the extraction of resources and wealth -- and they can only do that through the development of their customary land. 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. rkec mmwo kwxgf kxfh keut gyyp zjrboyz cmud sqaoja xfxdw qgyf kixj zgqzsl xxtahw kuzi