Total plans FID on the Papua LNG project in 2023 (Papua New Guinea)
Total and the government of Papua New Guinea have confirmed the remobilisation and the planning of the Papua LNG project. The objective is to launch the FEED in early 2022 and to prepare for final investment decision (FID) in 2023. In February 2021, Papua New Guinea signed a fiscal stability agreement with Total for the Papua LNG project - the new agreement keeps terms agreed in April 2019 unchanged - and extended its license.
The Papua LNG project is a 5.4 Mt/year liquefaction and export project tapping gas resources from the Elk and Antelope gas fields in the Papua New Guinea Gulf province. It consists of two 2.7 Mt/year trains that would be developed in synergy with the existing 6.9 Mt/year PNG LNG plant (two 3.45 Mt/year trains commissioned in 2014). First LNG was initially expected between 2024 and 2026. However, the project may be delayed due to the failed P'nyang field development agreement.
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