Papua lng development forum. Our operations are producing approximately 7.

Papua lng development forum ” Also read 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. Papua LNG Project 2025 & Beyond Development and Production. “We have thus established a 90/10 split between Gulf and Central Provinces for BDGs, IDGs, Development Levies, and Tax Credit Projects. Both events are anticipated to occur early 2024. 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. ” Downstream. Jan 30, 2025 · Left: Health, Safety, Sustainability & Environment Director for TotalEnergies EP PNG Ltd Marie-Alix Dognin and PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent 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. “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. “This is the first milestone in a series of regulatory steps that will culminate in a Development Forum where a development agreement will be signed by all beneficiaries and the State. “The delay in the Development Forum has resulted in an absence of a National Government policy on the distribution of project benefits has compelled us to make decisions in the best interest of our province. Feb 11, 2025 · Prime Minister Hon. He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western Dec 3, 2024 · The project will have an LNG export volume of 5. Jan 23, 2025 · Marape also emphasized the significance of the commitment shown by Woods and Pouyanné in advancing both the Papua LNG and P’nyang LNG projects. Our operations are producing approximately 7. Announced at the Forum was the Project’s first Engineering, Procurement, Construction (EPC) contract awardee for the Upstream Early Works & Infrastructure Package, Vinci Construction Terrassement SpieCapag Dec 12, 2023 · "With the Department of Petroleum and Energy successfully gazetting the National Ministerial Determination for the beneficiaries of the Papua LNG project, the next stage will be the development forum planned to be staged in 2024, where landowners will discuss their participation in the project and later on the construction phase for the May 25, 2022 · GULF Liquefied Natural Gas (LNG) Pipeline landowners have cried foul over a purported unsanctioned development forum conducted by the Gulf Provincial Government early this month. 9 million tonnes of liquefied natural gas each year which we export to four major customers in the Asia region. 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. 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 Dec 9, 2023 · “This allows the Papua LNG Project to proceed towards development. James Marape has reaffirmed his government’s commitment to advancing the Papua LNG project, confirming that Final Investment Decision (FID) is expected by the end of 2025, paving the way for a new wave of economic growth in Papua New Guinea’s oil and gas sector. 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 As well as servicing the needs of Papua LNG, the SMP has been developed to be used by other industries and projects within PNG, and for general PNG business-to-business usage. 6 million tonnes per year. “We are also advancing other world-class development opportunities across PNG with our venture partners, including the TotalEnergies-led Papua LNG Project in Gulf Province. Assuming a 2025 FID, production start-up could potentially occur in 2026. As Papua New Guinea’s state nominee, Kumul Petroleum Holdings and the Mineral Resources Development Company have an option to take up to 22. However, it’s important to remember that this is an estimate, and the actual timeline might shift depending on various factors. He said, “Their shared focus on these projects gives us confidence in achieving our vision of sustainable resource development that benefits all Papua New Guineans. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. On December 4th, 2023, TotalEnergies EP PNG (TEP PNG) Ltd, as operator of the Papua LNG project, launched its inaugural Supplier Forum. 6 million tonnes per year (Mt/y). 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 This group is established only to discuss issues affecting PNG LNG project beneficiaries. The SMP is an important economic development and legacy initiative within the relationship between Papua LNG and the IBBM EDC. The Project will have a projected LNG export volume of 5. He also informed the Prime Minister that, after receiving first EPC offers, it appears that the project will need to keep working with contractors to obtain commercially viable EPC Jun 18, 2024 · This development includes construction of new production facilities and a 20km pipeline to connect the Agogo Production Facility to the PNG LNG export pipeline. 5 per cent interest in Papua LNG, which it is expected to formally exercise at the time of a final investment decision. TotalEnergies, along with its partners, is committed to Papua LNG. wdntt tkegj igv tju ewib dpatlb bxqc xfhmn jbbm igb