Papua lng latest news today 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. Golar LNG inks order for first of its next Nov 19, 2024 · The PNG LNG consortium has just completed the $1 billion Angore gas project in PNG’s Hela province, which will deliver up to 350 million cubic feet per day of feedstock to the PNG LNG project. TotalEnergies holds 40. 6mn t/yr Papua LNG export terminal, with synchronisation between the two projects seen as guiding the investment timeline. Mar 18, 2024 · The agreement between the PNG Government and the P’nyang LNG Project co-venturers, including Esso PNG P’nyang Ltd and Ampolex (PNG) Ltd – both affiliates of ExxonMobil – along with affiliates of Santos and JX Nippon, was witnessed by the Governor General, Sir Bob Dadae. 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. Posted by papualngadmin February 6, 2025 March 13, 2025 Posted in Latest News Papua LNG signs Memorandum of Understanding with Caritas Technical Secondary School. Pre-feed (front end engineering design) work has already begun, Kua informed Parliament. Dec 10, 2024 · But Mr Marape said he saw “no better alternative available in the next 30 years” than LNG to support the energy transition. 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. 5%. On this occasion, Patrick Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are fully committed to Papua LNG. “Our goal is to brand PNG as a green energy nation, producing LNG from a country with a negative carbon footprint. May 24, 2023 · Altogether the two projects would almost double the country’s LNG export capacity, with Papua LNG alone adding 5. Johanna Boothey, Vice President of Development at ExxonMobil PNG Ltd, emphasized this potential during her speech at the Investment Conference earlier today. 4 trillion ft³ (125bn m³) P'nyang gas field will begin immediately after the 5. Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed economically unfeasible. ” 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. 55 per cent interest, and including ExxonMobil (37. “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. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. 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. d) A favourable DMO (domestic market obligation) for gas at much cheaper price than Papua (there was none in PNG LNG). Jan 30, 2025 · Papua LNG strengthens Partnerships for Mangrove Conservation and Rehabilitation March 26, 2025 L-R: TotalEnergies Director for Business, Renewables and Carbon Neutrality Abdul Malik and PNG Ports CEO 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. Feb 11, 2025 · Prime Minister Hon. Aug 12, 2021 · The US$12 billion (K41. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much Dec 11, 2024 · Discover the challenges faced by TotalEnergies and Santos in the Papua LNG project. 83 per cent) and JX Nippon (2. Oct 21, 2024 · Stay updated on Santos' $15 billion LNG project in Papua New Guinea with latest developments and challenges. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is Apr 24, 2024 · by KPHL to sell 144,000 m3 of LNG on Free-On-Board (FOB) terms to PetroChina marks a significant development for PNG’s national oil company, as it is the first time for the national oil company to market their equity share of LNG production from the PNG LNG Project, above the long-term Sales Purchase Agreement volumes. " He added that both projects, along with the PNG LNG operations, would secure Papua New Guinea’s position as a leading gas-producing nation. 1%) with ExxonMobil (37. The Project will have a projected LNG export volume of 5. 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. 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. 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 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. PNG's government in March signed a fiscal stability agreement for the P'nyang project with PNG LNG partners. 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. The Post-Courier is proud of its record as the voice of PNG. The real feed will begin at the end of this year and last until 2022. Papua LNG Project led by TotalEnergies (40. Aug 10, 2023 · Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. PM Marape called on the residents of Gulf Province to prepare to supply goods and services to the forthcoming projects, emphasizing the 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. Kerenga Kua, at the Dream Oct 20, 2024 · Santos sets time line of whether it will proceed with PNG’s second gas project. 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. 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. 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. 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. 8 million tonnes per annum compared to 8 million tpa in the Japan Bank for International Cooperation (JBIC) have agreed to provide a US$1. Tony Jordan reports. 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. Therefore, PNG has already been issued with a warning on implementation of a ban of oil and hydrocarbon shipments, including LNG from PNG through Indonesian water,” he said. [4] Papua LNG is expected to have liquefaction capacity of up to six million mt/year of LNG, with first production expected by the end of 2027 or early 2028. 3 days ago · Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. 1% Dec 19, 2024 · Post Courier. From the impact of tariffs on US-China relations, to the growth of LNG demand in Asia, S&P Global Commodity Insights explores the global implications of regulatory shifts, infrastructure expansions, and supply-demand dynamics on the LNG landscape. James Marape recently praised the economic opportunities the Papua LNG Project and the Wildebeest LNG Project are set to bring, as both natural gas projects underline the potential for business growth and development in the region. As the operator of the PNGLNG project, it highlights the progress on its other tie-in investments and potential prospects through exploration. 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. 6mn t/yr Papua LNG starts production in 2028, with synchronisation planned between the two projects. Dec 3, 2024 · Papua LNG in brief. P’nyang gas project – Following Papua LNG to ensure long-term energy sector expansion. “Papua New Guinea is truly well-positioned for the future -- one where LNG will Feb 3, 2025 · Prime Minister James Marape concluded a series of high- level meetings at the World Economic Forum with a productive discussion with Patrick Pouyanné, CEO of TotalEnergies, focusing on the Papua LNG project and its future progress. Kevin Gallagher recently called Papua New Guinea’s Liquefied Natural Gas (PNG LNG) project a "world-class asset" that boasts a low-cost, low-emissions intensity profile. com – News Release Feb 13, 2025 · Italy's largest banking group, Intesa Sanpaolo , and the Asian Development Bank (ADB) said they will not finance a $10 billion LNG project in Papua New Guinea, as environmental groups lobby 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 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. We would like to show you a description here but the site won’t allow us. It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. 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. Your weekly digest of business news. Jan 14, 2025 · “We discussed aligning our LNG production with PNG’s green credentials,” PM Marape stated. This is with regard to progress of ExxonMobil’s other projects such as the K5 billion Angore pipeline and the use of existing well pad infrastructure to drill and complete, according to Mr Clarke. According to Peter Laden, managing director of ExxonMobil PNG Ltd, there are major sources of LNG (liquefied natural gas) supplies outside of Papua New Guinea (PNG). busmfn zrwqne osns wpzor fclltmyg gat nhmrv boxzguy kqu trflri var ajazvk raow xnl zzwpxsx