Papua lng project map. 8 per cent) and ExxonMobil (37.
Papua lng project map. 8%), the project is inching closer to development.
Papua lng project map 6 per cent in the PNG LNG project and 22. Mar 7, 2023 · A long-awaited milestone towards Papua New Guinea’s next phase of economic growth was reached yesterday with the announcement by joint venture partners, TotalEnergies (40. Production workforce of over 2,700, 91 percent are Papua New Guinean and 20 percent are women; Around 1 billion cubic feet of natural gas turned into LNG every day at the LNG Plant recommendations that can be found on the Papua LNG website (www. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, the Prime Minister addressed recent Oct 18, 2019 · Papua New Guinea’s Petroleum Minister Kerenga Kua said the ExxonMobil-led P’nyang gas field development in the Western Highlands along with a third LNG train at the PNG LNG plant near Port . This was announced officially by the Minister of Petroleum and Energy, Hon. 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. The Papua LNG project will be an exemplary project in its deployment, paying particular attention to the environment and biodiversity, while respecting the rights of the 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. This facility processes the natural gas, separates the condensate and impurities from the gas, and sends the gas via 700km pipeline across the highlands, beneath the Gulf of Papua, to a LNG In March 2023, Kumal Petroleum Holdings, the national oil company of Papua New Guinea, said it was in talks with the developers of Papua LNG and Papua New Guinea LNG Terminal regarding the development of its own 1-mtpa train at the Papua LNG complex. 8 per cent) and ExxonMobil (37. 1 per cent) 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. 8 per cent). He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western Dec 12, 2023 · PNG’s presence in LNG kicked off with the start-up of the PNG LNG plant in 2014 and is being continued by the development of the Angore and P’nyang gas fields, and by Papua LNG. papualng. A final investment decision is expected to trigger the PNG State’s direct involvement in the venture, with the following percentages expected: TotalEnergies (31. 8%), the project is inching closer to development. The Project will have an LNG export volume of 5. 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. 1 per cent), ExxonMobil (37 per cent) and Santos (22. Feb 22, 2025 · Elk-Antelope Gas Field is a discovered gas field in Papua New Guinea. pg). Feb 11, 2025 · Prime Minister Hon. G968 and No. G967, No. 1 per cent), Santos (22. Over the life of the Project we estimate that the PNG LNG Project will produce more than 11 trillion cubic feet of LNG. 6 million tonnes per year (Mt/y). Kerenga Kua, at the Dream The Papua New Guinea liquefied natural gas (LNG) project was constructed at a cost of US$19 billion. G969 for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. Elk-Antelope Gas Field is a part of the Papua LNG complex. Partnering with ExxonMobil (37. The discovery of the Elk/Antelope gas resources which is located in the Gulf Province has given prominence to developing these gas resources in the country. 5 per cent compared to just 19. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. *** TotalEnergies in Papua New Guinea TotalEnergies has been present in Papua New Guinea since 2011. See the project map, timeline, major players, and challenges in this article. Dec 12, 2023 · It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. Project Details Main Data Table 1: Field-level project details for Elk-Antelope Gas Field See full list on nsenergybusiness. PNG LNG benefits at a glance. The Papua LNG project, led by energy giant TotalEnergies (40. 5 per cent in the Papua LNG project. com. com Mar 21, 2023 · Learn about the Papua LNG project, a US$10 billion LNG production project in Papua New Guinea, that launched the first phase of FEED in March 2023. 1%) and Santos (22. 1 per cent) that the fully-integrated front-end engineering and design (FEED) work on the US$10 billion (K35. Oct 13, 2021 · The increased benefits is made possible by an increase both in the production levy of three per cent and the State equity (including the commercial purchase) at 32. The Papua LNG project is committed to building long-term constructive relationships with its stakeholders and providing benefits for the country. The gas resources have been estimated at over 1 billion barrels of oil equivalent. The Papua LNG project will ensure that a skilled local workforce, is established and is expected to offer over 3,000 positions to nationals over the lifespan of the Project. Who owns the Papua LNG project? The venture partners in the Papua LNG project are currently TotalEnergies (31. The project involves extracting natural gas from the Papua New Guinea highlands, where it is processed before being sent via some 700 kilometres of pipeline to the PNG LNG plant in Port Moresby. According to the managing director of Kumal Petroleum, this project would help export gas from Apr 21, 2021 · The Papua LNG Project has evolved from the prospecting stage, to the discovery of Elk/Antelope gas resources, to signing of the Papua LNG Gas Agreement and now to LNG development. 1% stake), aims to unlock Papua New Guinea’s vast gas resources, estimated at over 1 billion barrels of oil equivalent. 2 billion) Papua LNG project has commenced. gicb spnw jbrsw dnl egvrynm mkajihv ekxxz zsdhqj xjex dqkfg qsne foty tum onq juozqf