TotalEnergies Announces New Milestone towards Papua LNG Deve
Stay informed with our
free newsletters

This news is classified in: Traditional Energy Natural Gas & LNG

Jul 25, 2022

TotalEnergies Announces New Milestone towards Papua LNG Development

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.

In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is to launch the integrated FEED in the fourth quarter of 2022. The project is targeting a final investment decision (FID) around the end of 2023, and a start-up at the end of 2027.

“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 Papua LNG project is well positioned to contribute to growth in LNG supply worldwide, especially for customers in Asia seeking to decarbonize from coal to gas, in line with our strategy to lower global greenhouse gas emissions.”

Floating Liquefied Natural Gas (FLNG) Market Report 2022-2032

Floating Liquefied Natural Gas (FLNG) Market Report 2022-2032

Forecasts by Spending (OPEX ($Mn), CAPEX ($Mn)), by Number of Vessels (Units), by Type (Floating Production, Storage and Offloading (FPSO), Floating Storage Regasification Unit (FSRU)), by OPEX Type (Topside Development, Hull Design & Construction, Mooring System, LNG Transfer Systems), by CAPEX Type (Engineering & Design, Materials & Parts Procurement, FLNG Construction, FLNG Commissioning, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis

Download free sample pages

The Papua LNG joint venture is committed to developing a landmark project in terms of sustainability, biodiversity, and low carbon emissions. Specifically, the project will incorporate a carbon capture and storage scheme for the fields' native CO2, which will be reinjected into the reservoirs.

 


TotalEnergies