Total plans to take Papua LNG FID in 2023

France’s Total said Wednesday it aims to take a final investment decision on the Papua LNG project in Papua New Guinea in 2023.

The announcement follows a meeting by Total’s CEO Patrick Pouyanne and a delegation led by PNG’s Deputy Prime Minister Samuel Basil.

The officials held the meeting in Paris on May 3 to “review together the next steps for the development of the Papua LNG project,” the energy giant said in a statement.

After a year of delay because of Covid-19, Total, as operator of the Papua LNG project, said it has started the remobilization of the project teams and of other required resources.

According to Total, the objective is to launch the FEED in early 2022 but also to prepare for the FID in 2023.

“I confirm that this project is ranking very high in Total‘s portfolio given its proximity to growing Asian LNG markets and we will dedicate all necessary resources,” Pouyanne said.

Total plans to take Papua LNG FID in 2023
Image: Total

Two new units at existing PNG LNG facilities

This development follows the signature of the fiscal stability agreement but also the award of the license extension in February this year.

Total is developing the proposed 5.6 million tons per annum project with partners ExxonMobil and Oil Search.

Previously, the partners planned to develop Papua LNG with an expansion of ExxonMobil’s PNG LNG adding three new production trains at the existing Caution Bay plant.

Under the deal signed in February, the partners plan to build two new production units at the PNG LNG site.

Papua LNG project will target the production of the two main discoveries of Block PRL-15, Elk and Antelope.

Furthermore, the partners will transport the gas produced by these fields via a 320 km onshore/offshore pipeline to the plant site.

Total operates the Elk and Antelope onshore fields and is the largest shareholder of the PRL-15 permit with a 31.1% interest, alongside partners ExxonMobil (28.3%) and Oil Search (17.7%), post the state back-in right of 22.5%.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Italy’s Adriatic LNG terminal gets 1000th cargo

Italy’s Adriatic LNG terminal, owned by ExxonMobil, QatarEnergy, and Snam, has received the 1,000th shipment at its facility in...

TotalEnergies, ExxonMobil, Santos launch Papua LNG FEED

Operator TotalEnergies and its partners ExxonMobil and Santos have launched fully-integrated front-end engineering and design (FEED) for the Papua...

Italy’s Adriatic LNG offers regas capacity from January 2029

Italy’s Adriatic LNG terminal, owned by ExxonMobil, QatarEnergy, and Snam, is inviting companies willing to secure regasification capacity at...