TotalEnergies SE disclosed the final investment decision (FID) for an LNG expansion project in Papua New Guinea would be pushed back by at least one year as the project partners hunt for more “commercially viable” contractors. The French major’s CEO Patrick Pouyanné met with Papua New Guinea Prime Minister James Marape to discuss the status…
Papua New Guinea LNG
Articles from Papua New Guinea LNG
Papua New Guinea Looks to Finance Stakes in LNG Projects Despite Environmental Opposition
Papua New Guinea’s Kumul Petroleum Ltd. has been gauging interest with several international banks about backing two LNG projects, but environmental opposition could be pushing the state-owned firm to rely on Chinese banks for financing. Banks in Australia, Europe and the United States have been increasingly wary of funding the island nation’s existing and proposed…
December 22, 2023
TotalEnergies, Partners Progress Designs for Papua New Guinea LNG Expansion
TotalEnergies and its partners are moving forward with the front-end engineering and design process for a potential 4 million metric tons/year (mmty) expansion at the PNG LNG facility in Papua New Guinea. After completing feasibility studies for the project, TotalEnergies disclosed Tuesday that they were progressing plans to build an additional four trains at the…
March 7, 2023
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