Papua lng latest news today. JX Nippon is an affiliate of ENEOS and already holds a 4.

Papua lng latest news today 1%) and Santos (22. 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. Yoto Feb 22, 2022 · c) State equity of about 34. Any delays to Papua LNG will directly impact P’nyang's timeline, as FID is reportedly slated to be delayed until beyond the start-up of Papua LNG. P’nyang gas project – Following Papua LNG to ensure long-term energy sector expansion. 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. The estimated US$10 billion project will effectively involve two parts. d) A favourable DMO (domestic market obligation) for gas at much cheaper price than Papua (there was none in PNG LNG). We were there when the nation took its first bold steps towards independence. Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. 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. 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. 4 days ago · Unpack the opportunities and challenges that LNG markets in the Asia-Pacific may experience in 2025. Bringing all the Papua New Guinea latest News, PNG News, PNG Latest News, Looppng News, PNG breaking news, PNG Economy News, PNG Sports news, PNG Business News, PNG Hunters Ne Mar 25, 2025 · The P'nyang field, which holds estimated reserves of 125 bcm of gas will underpin the development of one additional 2. Papua LNG Project led by TotalEnergies (40. 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. JX Nippon is an affiliate of ENEOS and already holds a 4. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). natural gas expansion would surrender world to fatal warming, experts say – Mongabay. Johanna Boothey, Vice President of Development at ExxonMobil PNG Ltd, emphasized this potential during her speech at the Investment Conference earlier today. 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 phased approach to gas development would support ongoing economic growth in Papua New Guinea. 5%. 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. 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 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. 5 mtpa floating LNG production unit in Papua New Guinea. 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. We would like to show you a description here but the site won’t allow us. 8billion (K7. Bringing Papua New Guinea breaking News. Jun 18, 2024 · This weeks Helpdesk highlight ExxonMobil PNG Ltd LNG exploration and Development updates. He said PNG would produce LNG through to 2060 and pointed to the 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. 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). Nov 22, 2024 · BP has approved plans to significantly expand its Tangguh LNG facility in Indonesia, with a view to using natural gas from the nearby Ubadari field as feedstock for the liquified natural gas plant Jan 13, 2025 · The meeting also included Peter Clarke, Senior Vice President for Global LNG, who provided updates on ExxonMobil’s commitment to advancing key projects in PNG, including the ongoing developments at Angore, progress on P’nyang, and efforts to synchronise multiple LNG fields for greater efficiency. 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. 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). 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. 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. 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. 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. Aug 12, 2021 · The US$12 billion (K41. G969 for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. e) Early Tax credit works of about May 21, 2021 · “However, the P’nyang gas development will have a huge impact on the monetization of other smaller stranded gas fields in the Western and Gulf provinces and can be aggregated as a stand-alone, used as a backfill for the PNG LNG project together with Juha and Muruk in the Northwest fold-belt as a utilised project, or deliver alongside Papua Jul 16, 2024 · READ MORE: Waste oil – a timebomb for Papua New Guinea – Matthew Vari “International partners are most protective of their waterways. Aug 10, 2023 · Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. 55 per cent interest, and including ExxonMobil (37. Tagged: Elema Mai Lavi Council of Chiefs, Owen Vaii, Papua Liquefied Natural Gas (LNG) Project, Papua LNG Well Head 3 replies on “Papua LNG landowners want their issues addressed” Pingback: U. According to Laden, PNG presently accounts for 2% of the market for LNG, which produces eight to nine million tonnes annually. 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 Project will have a projected LNG export volume of 5. The real feed will begin at the end of this year and last until 2022. 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. 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. Oct 31, 2024 · Papua LNG is based on reserves of about 6. Papua New Guinea's (PNG) prime minister James Marape said construction of the 4. The signing of the gas agreement marks a major milestone for the project, setting out the fiscal framework and supporting project scoping and . In 2023, there will be a Fid (final investment decision) and a building phase. PNG's government in March signed a fiscal stability agreement for the P'nyang project with PNG LNG partners. 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. 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. Apr 7, 2024 · operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are fully committed to Papua LNG. 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. It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. 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. Kerenga Kua, at the Dream Oct 20, 2024 · Santos sets time line of whether it will proceed with PNG’s second gas project. S. 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. Nov 13, 2024 · Santos CEO Mr. 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. 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. “In the future, even after Papua LNG, we will still represent about two percent of the global LNG Nov 26, 2024 · The Angore gas development in Hela Province has been completed, set to deliver up to 350 million standard cubic feet of gas per day to support the PNG LNG Project. 6 million tonnes per year (Mt/y). 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). This collaboration with West Papua's BUMD aims to ensure optimal use of the LNG allocation while adhering to current government regulations. sjmumw tnmjf hdh yrxtdm rhne azymj hbxbt tapan mtnpw lmfnfwk iumuz cvfskijj ljsbs rses ppi