Papua lng latest news today. May 13, 2024 · Prime Minister Hon.
Papua lng latest news today Oct 26, 2024 · Papua New Guinea Kumuls are set to clash with the New Zealand Kiwis on Sunday, 10th November, at CommBank Stadium in Sydney, Australia. 5 days ago · Prime Minister Hon. 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 released by the Independent State of Papua New Guinea and TotalEnergies April 8. Posted by papualngadmin February 6, 2025 March 13, 2025 Posted in Latest News Papua LNG signs Memorandum of Understanding with Caritas Technical Secondary School. Together, these projects, along with the existing PNG LNG operations, will secure Papua New Guinea’s status as a leading gas-producing nation through 2060 and beyond,” Prime Minister Marape added. Johanna Boothey, Vice President of Development at ExxonMobil PNG Ltd, emphasized this potential during her speech at the Investment Conference earlier today. 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. 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. With an estimated US$20-25 billion in construction activity over the next decade, the government is ensuring that PNG is positioned for long-term prosperity. 55 per cent interest, and including ExxonMobil (37. 1%) with ExxonMobil (37. 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. May 24, 2023 · Altogether the two projects would almost double the country’s LNG export capacity, with Papua LNG alone adding 5. 6% in PNG LNG and 22. 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. 3 days ago · Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. 4 trillion ft³ (125bn m³) P'nyang gas field will begin immediately after the 5. Feb 11, 2025 · Prime Minister Hon. According to Laden, PNG presently accounts for 2% of the market for LNG, which produces eight to nine million tonnes annually. Mar 7, 2023 · The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage - the last major stage before the $US10 billion project is given a green light. S. 83 per cent) and JX Nippon (2. TotalEnergies holds 40. Mar 20, 2024 · An important agreement has reportedly been signed in Papua New Guinea that will help pave the way for a major new gas field development led by ExxonMobil to boost PNG's position in the liquefied May 13, 2024 · Prime Minister Hon. While several factors have delayed the final investment decision on Papua LNG, Papua New Guinea’s second gas project, Jean-Marc Noiray, Managing Director of project lead TotalEnergies E&P PNG, says he’s “confident” the project will reach that landmark this year, “with all the lines of activity progressing well: technical optimisation, regulatory permitting, gas marketing and project Feb 22, 2022 · The P’nyang development in Western Province is proposed to commence following the Papua LNG project, which will be located in Gulf Province. 5 mtpa floating LNG production unit in Papua New Guinea. PNG has already identified renewable energy projects that could dramatically expand energy access for everyday people. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). 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. 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). Dec 3, 2024 · Papua LNG in brief. 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. “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. 5% consisting of 22. “Papua LNG is perfectly located to serve the Asian markets,Continue reading "TotalEnergies country head The Home of PNG Breaking News online. Dec 11, 2023 · Papua New Guinea's state-owned petroleum company is in advanced talks with Chinese banks to help fund its stakes in the two major liquefied natural gas (LNG) projects in the country, a senior “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. The phased approach to gas development would support ongoing economic growth in Papua New Guinea. Speaking at an industry event, Marape reaffirmed Jan 22, 2025 · “We aim to ensure that once Papua LNG is operational, efforts are swiftly mobilised to develop P’nyang LNG. 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. Jan 22, 2025 · Marape stated, "We aim to ensure that once Papua LNG is operational, efforts will be made to develop the P’nyang LNG. Completion of Angore marks a significant milestone for the PNG LNG Project – the unlocking of a one trillion cubic feet natural gas resource to supply the project for years to come. Jan 14, 2025 · “We discussed aligning our LNG production with PNG’s green credentials,” PM Marape stated. natural gas expansion would surrender world to fatal warming, experts say – Mongabay. 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. The Post-Courier is proud of its record as the voice of PNG. Dec 10, 2024 · Timing is everything in LNG, and delays at the planned 5. We would like to show you a description here but the site won’t allow us. Dec 22, 2024 · 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, Pasca A, in the Gulf Province. Kua stated this in response to Western Governor Toboi Awi Yoto's inquiries concerning the PNG LNG project's integration with other PDL regions and the pipeline's construction into Juha. Yoto Feb 22, 2022 · c) State equity of about 34. James Marape has extended his gratitude to senior leaders from ExxonMobil’s headquarters in Houston, Texas, who visited Papua New Guinea to reaffirm the company’s long-term commitment to the country’s energy sector. 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 Jan 20, 2025 · Prime Minister Hon. Your weekly digest of business news. Kerenga Kua, at the Dream Oct 20, 2024 · Santos sets time line of whether it will proceed with PNG’s second gas project. This will make our LNG more attractive to buyers in both spot and long-term contracted markets. Feb 11, 2025 · Pasca A offshore gas project – Set to contribute to PNG’s LNG portfolio. “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. This much-anticipated match follows the recent successes of the 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. ” Oct 28, 2024 · ExxonMobil Senior Vice President of Global LNG, Mr. 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. Apr 9, 2024 · News of the delayed FID came through discussions between James Marape, the Prime Minister of Papua New Guinea, and Patrick Pouyanné, chairman and chief executive officer of TotalEnergies, during Feb 23, 2022 · Photo credit: Santos Ltd Santos has joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that provides a clear framework for P’nyang’s future development. “PNG LNG remains a world-class asset 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. 1%) and Santos (22. Early works are on track for 2024. Santos has announced plans to finalise a decision in 2025 regarding its proposed $15 billion liquefied natural gas (LNG) project in Papua New Guinea (PNG LNG). In particular, he shared the high interest of several LNG buyers for off-taking LNG from Papua LNG due to its strategic location close to key Asian markets. Pre-feed (front end engineering design) work has already begun, Kua informed Parliament. P’nyang gas project – Following Papua LNG to ensure long-term energy sector expansion. 5 trillion cubic feet of gas and 57 million barrels of condensate on a gross best estimate contingent basis, and will have planned production capacity of People in Papua New Guinea deserve clean energy and a sustainable economy. 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. Following a meeting with TotalEnergies CEO Patrick Pouyanné, the Prime Minister confirmed that the initial $18 billion construction tender was deemed economically unfeasible. Apr 8, 2024 · In particular, he shared the high interest of several LNG buyers for off-taking LNG from Papua LNG due to its strategic location close to key Asian markets. 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. 6mn t/yr Papua LNG export terminal, with synchronisation between the two projects seen as guiding the investment timeline. 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 A final investment decision (FID) on the 5. Papua LNG is a key growth project for Santos and the Pacific nation but it has beset by delays and a company Team Papua New Guinea’s (PNG) campaign to the Paris 2024 Olympic Games has been boosted with a funding of K270,000 from ExxonMobil PNG Limited, the operator of the PNG LNG Project at the ExxonMobil Haus, in Port Moresby today (30 May 2024). xvpr chqo uyn wkfl sqwdutwu vkshlc zbflfp qmkbp bty bdzji zhtpt koqr geo pkjes irjzBytePlus harnesses the expertise and technology of