The oil and gas companies Total and ExxonMobil have agreed to double future exports from the Papua New Guinea LNG project to around 16 Mt/year for a total cost of US$13bn. Three new LNG trains could be added and would be supplied with gas from Total's Elk and Antelope fields and from ExxonMobil's P'Nyang field in Papua New Guinea. Engineering and design works would start in the second half of 2018 if the partners agree on terms with the Papuan government and the Final Investment Decision (FID) is scheduled for 2019. The new trains could be commissioned as early as 2023-2024.
Papua LNG is PNG’s second LNG project and is a joint venture which includes ExxonMobil (operator) and Oil Search. ExxonMobil farmed in following the acquisition of InterOil Corporation in February 2017. It consists of two trains of 3.45 Mt/year each (total liquefaction capacity of 6.9 Mt/year) commissioned in 2014.
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