Gulf lng project png update. 8 million tonnes of LNG over 15 years.

Gulf lng project png update “Our enthusiasm stems from the fact that we have long been We have a long track record of working in challenging environments and terrains. James Marape has reassured Papua New Guinea of a better deal from the P’nyang Gas Project in Western than previous projects. Our operations are producing approximately 7. It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. The PNG LNG Project provides a wide range of opportunities for Papua New Guineans The Papua LNG project is driven by the need for energy that is reliable, affordable, and accessible to as many people as possible, and this energy can be produced while fostering socio-economic development and preserving the environment for present and future generations. With the PNG LNG project now in production, all eyes are on Papua New Guinea’s next likely gas project: Papua LNG. The terminal, which includes a 5-mile sendout pipeline, is located at the end of State Highway 611 and is situated adjacent to the federally maintained Bayou Casotte Navigation Channel. 6-million-ton-per-year Papua LNG export terminal have raised concerns about feedstock shortages for PNG LNG, Exxon’s flagship joint venture. 01 billion). With an annual LNG export capacity of 5. Timing is everything in LNG, and delays at the planned 5. Prime Minister James Marape said that the Papua LNG project in the Gulf will enter pre-Feed (front end engineering and design) in September. power supply to Western and Gulf provinces is not adequate and Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. The operator also said it intends to drill the first deepwater exploration well on the PPL PNG LNG Project Coffey Natural Systems 1284_9_Ch24_v3. James Marape recently praised the economic opportunities the Papua LNG Project and the Wildebeest LNG Project are set to bring, as both natural gas projects underline the potential for business growth and development in the region. “In mid-2022 we conducted a K300 million seismic activity in the Gulf Province,” she said. He gave this reassurance in Parliament (Tuesday Oct 12) when answering a series of questions from North Fly MP Hon. Industry update: Papua New Guinea’s mining “We the 7 tribes warmly welcome all members of the Task Force as we are eager to know where we stand in this multimillion dollar project,” Mr. Project 2019-08-13 00:00:00 | Latest update. AIFFP - Papua New Guinea Solar Plant Powering homes and businesses in Papua New Guinea’s Yalu village Papua New Guinea Laitim Hauslain Project Kainantu Gold Mine Expansion ADB/WB Water, Road, and Power Projects Energy Performance and Reliability project—Rehabilitation and Upgrade of Electric Supply Facilities Papua New Guinea's (PNG) prime minister James Marape said construction of the 4. 83%) and JX Nippon (2. ” “The Marape-Rosso government places high priority on the delivery of Papua LNG project, we have an improved deal for our people, and improved contribution of our national contractors and work 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. Addressing recent delays in the project, Marape said cost escalations had necessitated a review of engineering, procurement, and construction contracts to align with Should Papua LNG proceed, gas from Elk and Antelope – which lie inland from the Gulf of Papua – is to be transported through a 320-kilometre onshore and offshore pipeline to the PNG LNG site Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. Learn more about the PNG LNG Project at www. It was characterised by the surge in activity associated with the PNG LNG project, with some stimulus from public infrastructure and expansion of existing gold/copper mines. EXXONMOBIL is on the verge of making Papua New Guinea’s largest LNG discovery. This landmark deal promises significant economic and social benefits. We have built over 600 km of operating pipelines in the Southern Highlands and Gulf provinces since the Kinder Morgan owns 50 percent in the project through its unit, Southern Gulf LNG Company, the operator of the Gulf LNG terminal, according to its website. The Gulf LNG Project will also use the The PNG Government is committed to advancing the Papua LNG project, with Prime Minister James Marape confirming that final investment decision (FID) is expected by the end of the year. Peter Clarke, recently shared his insights on the success of Papua New Guinea’s liquefied natural gas industry and the bright opportunities ahead as a keynote /PRNewswire/ -- InterOil Corporation (NYSE:IOC) (POMSoX:IOC) ("InterOil" or the "Company") reiterated its ongoing bid process to select an internationally With new roads, airstrips and increased interest for business, it has been a busy two years for Ihu Special Economic Zone (ISEZ) in Gulf Province, and a reminder of the adage (from the classic baseball film Field of Dreams), ‘if you build it, they will come. This section of the pipeline route was engineered specifically to avoid marine fauna, coral reefs and existing oil export facilities, and to provide an optimal route for pipeline constructability and safe ExxonMobil leaders recently met with Prime Minister James Marape to discuss positioning Papua New Guinea as a leading producer of clean and green Liquified Natural Gas. Main Office Rue Pl, Telikom Depot, 4 Mile, Port Moresby Tel: +675 325 6033. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. Project Overview Gulf LNG Liquefaction Company, LLC (GLLC), an affiliate of Gulf LNG Energy, LLC (GLE) and Gulf LNG Pipeline, LLC, (GLP) is developing the proposed Gulf LNG Liquefaction Project, which would add liquefaction and export capabilities to the existing Gulf LNG Terminal located in Jackson County, Mississippi. We were there when the nation took its first bold steps towards independence. Total PNG’s Managing Director, Philippe Blanchard, gave EMTV an exclusive update on the project. Total must be commended for such a quick approach to developing the second highest LNG project in papua new guinea. DPE Secretary Mr David Manau while addressing the key stakeholders present at the submission, stated that his department willContinue Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. PORT MORESBY, Papua New Guinea and HOUSTON, Jan. 835% share in Elk/Antelope last week follows majority shareholder InterOil’s agreement last December to sell a 61. Search. Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow. [1] The LNG sector is important to PNG's economy with US$2. Twinza has submitted a development plan which envisages two phases of production: initial production of natural gas liquids (condensate and “In Hevehe, more than 50% equity is owned by Gulf-related entities such as PRK, Pipeline, Gobe, and the Gulf Provincial Government, which holds 10%. FLEX LNG has invested close to 500 million USD in equity in the construction contracts with SHI and a Gulf LNG Pipeline, LLC . Download the Press Release (pdf - 224 KB) Paris, July 20, 2022 – TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) The staff of PNG Extractive Industries Transparency Initiative (PNGEITI) attended a one day workshop hosted by ExxonMobil’s Government Relations team. It has a concave coastline of large deltas that lead into the Lakekamu Basin, and has mountains and wide expanses of seasonally flooded grass plains stretching out from the Turama, Kikori, Purari and Vailala rivers. ExxonMobil Sign MoU for Expansion of the PNG LNG Project; InterOil Provides an Update on It’s LNG Partnering in PNG; InterOil Provides Drilling Update on The company recognises PNG’s negative carbon footprint and the country’s potential to market its LNG as a cleaner, more sustainable energy source in the global market. Prime Minister Marape said Gulf province carries the PNG LNG project through the pipelines, and while the Papua LNG project is still in progress, the Pasca A Project is set to “KPHL now has 19 per cent plus in the PNGLNG project, which strengthens our balance sheet and prepares us for future projects. • Have little bearing on the eastern link between the Southern Highlands and Gulf provinces, PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. The project, estimated to cost $10 to $19 billion, has launched the fully integrated Front-End Engineering and Design (FEED) of the Thus, was born the Papua New Guinea LNG Project, more familiarly known as the PNG LNG Project. The P’nyang development in Western Province is proposed to commence following the Papua LNG project, which will be in Gulf Province. After a year of delay because of Covid-19, the Government of PNG He highlighted the unprecedented level of local participation in the project, noting that the MRDC will own 50% of the investment in the Pasca A project, partnering alongside Twinza Oil Ltd. The gas will be transported via pipeline (total 320km) to Caution Bay near Port Moresby, where e-trains will be built in the existing PNG LNG liquefaction plant site. PNG LNG had a foundation volume of 6. Total, InterOil and Oil Search will develop the project. [2] On a global scale, PNG is a minor player, with 0. Docket No. 8 per cent) and ExxonMobil (37. It followed the granting of three other licences – for the Kimu and Barikewa onshore gas fields in PNG’s The proposed Gulf LNG Liquefaction Project will be constructed in two phases: Phase I will consist of a single liquefaction train expected to have a base LNG production capacity of approximately 5 million tonnes per annum (MTPA). 5bn over the 30-year lifetime of the project. G968 and No. This can only be made possible As a consequence, FID of Papua LNG project is now expected in 2025,” the statement said. Previous estimates suggest the project, based on the Elk and Antelope But Mr Marape said he saw “no better alternative available in the next 30 years” than LNG to support the energy transition. ExxonMobil and its joint venture partners in the Papua New Guinea LNG project will soon receive a much-needed injection of new gas from a US$1 billion gas field development in the jungles of the The offshore segment travels approximately 24 kilometres past Goaribari Island to the open sea, then across the Gulf of Papua to the Caution Bay landfall at the LNG Plant. PNG LNG has many factors in its favour as a distinct source for LNG for supply to East Asian markets. Pouyanne and Marape “agreed that this slight delay will not affect the early works planned in Papua New Guinea in 2024 and that the project will maintain its full support to local population of Gulf Province,” the statement said. Papua New Guinean Hon. In 2016, Oil and Gas Company, Total PNG had engaged in several fronts for the Papua LNG project; the second major LNG project for the country. FLEX LNG (Oslo Axess: FLNG) would like to provide shareholders with an update regarding the status of ongoing discussions with the sponsors of the Gulf LNG Project and Samsung Heavy Industries (“SHI”). Being fully aware that some of the Papua LNG project activities will be carried out in a sensitive area, A joint announcement for the completion of the Angore Project in Hela Province was made today by the Minister for Petroleum, Hon. 58%), the project comprises 9 production wells in the Gulf Province, a 320 km onshore and offshore pipeline, and 4 electric liquefaction trains. 9 tcf. including the TotalEnergies-led Papua LNG Project in Gulf Province. ExxonMobil PNG, the Papua-New Guinea Oil & Gas news. Gulf LNG Liquefaction Project . G969 for the Papua LNG Project that was successfully The Government of Papua New Guinea, has initialed a landmark Gas Agreement with Twinza Oil Ltd, the operator of the Pasca offshore gas project. ” The first well had just commenced drilling at Kariava in Gulf Province in 1941 when the Second World War broke out in the Pacific. Landowners missed out during the construction phase,” said the Minister. ” Prime Minister Marape reaffirmed the government’s stance on securing benefits of above 55 per cent for all major resource (30 tcf is much bigger to conceptualise with the PNG LNG which is at 10. 04%) Santos (22. [3] The Papua LNG project, based on the Elk-Antelope gas reserves in Papua New Guinea’s Gulf Province is ‘progressing in all its aspects,’ Jean-Marc Noiray tells Business Advantage PNG. 6% stake in PNG LNG project to Kumul Petroleum, allowing the Papua New Guinea state-owned firm additional time to pay the purchase price. On the side-lines of the 2024 Petroleum & Energy Conference, Kumul Petroleum Holdings Limited Managing director, Wapu Sonk signed a Pre-Front-End Engineering & Development (FEED) contract for a floating LNG (FLNG) facility in the Gulf of Papua, in PNG. 1%) and Santos The PNG Government is committed to advancing the Papua LNG project, with Prime Minister James Marape confirming that final investment decision (FID) is expected by the end of the year. This milestone development, unveiled on November 19, marks a significant step forward for the PNG LNG venture, delivering up to 350 million standard cubic feet PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. The Elk-Antelope gas discovery was made in the early 2000’s and of course the sector has seen the development of the PNG LNG Project which began production in 2014 ahead of schedule. (PRL Twinza Chairman Stephen Quantrill describes the deal to bring the Mineral Resources Development Company (MRDC) into the proposed Pasca A gas project in Papua New Guinea’s Gulf of Papua as a “genuine strategic ExxonMobil Senior Vice President of Global LNG, Mr. Australia. Mr Pouyanné reaffirmed to the Prime Minister that TotalEnergies, the operator of this project, and its international partners ExxonMobil, Santos and JX Nippon are fully committed The Papua LNG project will unlock new gas fields in the Gulf Province The impact LNG continues to have on Papua New Guinea (PNG) is quite staggering. 3%. 1 per cent), Santos (22. 95 billion in exports in 2020, and accounting for 5. The $10 billion Papua LNG project will develop nine production wells, a gas processing plant, and a 320 km pipeline connecting to ExxonMobil’s LNG facility near Port Moresby. . (LNG) project are calling on relevant stakeholders in the project to address issues pertaining to usage of land, water ways, environment and spin off benefits among others. KPHL is also 3rd largest shareholder in the PNG LNG project. "We are pleased that the rights to hold a 40. The Project involves the production of gas and its transportation to a new LNG facility on the coast of the Gulf of Papua near Port Moresby. About Wison New Energies May 2024 marked 10 years of LNG production in Papua New Guinea and provides an opportunity for us to both reflect upon all that we have collectively accomplished and how – together – we can enable the next decade of LNG growth in the country. He stated that for the first five years of phase two development, K20 million from the K100 million allocated by the National Executive Photo credit: Richard Dellman - EMTV Prime Minister Hon. Earlier this year, developers completed one of the two Floating LNG production units (FLNG1) of the Fast Altamira LNG project with a capacity of 0. The second phase of the Ihu SEZ has been funded with a total of K10 million, according to Peter Kengemar, the project director. He told PNG Business News that the project continues to deliver reliable LNG supply to key markets in Asia, reinforcing its vital role in the global energy landscape. The Elema Mai Lavi Council of Chiefs in Gulf May 30, 2023 – Port Moresby, Papua New Guinea Marking yet another milestone for the Papua LNG project, six (6) of the required petroleum applications licences were submitted to the Department of Petroleum and Energy (DPE). 'Heads of agreement' have been reached for the ExxonMobil-led P'nyang gas project in Papua New Guinea's Western Province. Jimmy Maladina, and ExxonMobil PNG Limited Chairperson and Managing Director, In 2021, Kumul Petroleum was granted the Petroleum Retention Licence for the Pandora gas field in the Gulf of Papua. 6 million tonnes per year. James Donald in relation to P’nyang, as well as execut In 2014, the 11 clans which own the lands comprising PRL15, the licence area for the Papua LNG Upstream Project, formed Koko Nene Henaru Resources Limited (KNHRL) to represent their commercial interests. Currently, as the Papua LNG Oil and gas giant Santos said on Thursday it had amended the terms of sale of its 2. Explore S&P Global. InterOil Provides Gulf LNG Project Update; PNG Cabinet Approves InterOil’s Gulf LNG Project; InterOil Confirms Continuity of The Antelope Reefal Reservoir and Extends LNG Agreements; InterOil Selects Total SA for PNG Gas Development; asia export interoil liquid lng niugini png terminal. 6 million tonnes, the project is strategically positioned to serve nearby Asian markets like Japan, China, and South Korea. This was the major investment undertaken at the time to develop the major oil project in Papua New Guinea. Gulf MTP LNG Terminal, also known as Map Ta Phut Industrial Port Development Project, Phase 3 or MTP3, is a liquefied natural gas (LNG) import terminal proposed in Thailand. Kassman said that at the downstream, where the facility will be built within the PNG LNG project, the expected number of employees is 3, 000 plus. The focus will be on local agriculture and The Papua LNG project is based on reserves of about 6. 中文网站 한국어 Português The Ihu Special Economic Zone project in Gulf Province's Kikori District is presently in its second phase of development. The project initially required an estimated investment of $9. the income the country was able to negotiate in the 2009 Umbrella Benefits Sharing Agreement for the ExxonMobil-led PNG LNG project, it is less that the 60 per cent the minister demanded back in February Papua New Guinea has exported liquefied natural gas (LNG) since 2014. He expressed his gratitude and commendation to ExxonMobil, the project partners, The Government of Papua New Guinea (PNG), Hevehe Petroleum, and Twinza Oil have signed the Pasca Gas Agreement, marking the country’s first offshore petroleum project. The Papua LNG project will create up to 6000 jobs at the peak of its construction period. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. ExxonMobil PNG Limited operates PNG LNG on behalf of five co-venture partners. “We wanted to avoid that mistake. Wood was previously Texas LNG’s Construction and Module Director. (Opens in new window) Click to share on WhatsApp (Opens in new window) Exxonmobil is on the verge of making Papua New Guinea’s largest LNG discovery. CB&I Awarded Contract by TJN Ruwais LNG Joint Venture for its LNG Project in UAE AE >> 1/8/2025 - CB&I, the world's leading designer and builder of storage facilities, tanks, and terminals, has been awarded a substantial* lump sum contract by TJN Ruwais JV for engineering, procurement, and constru Mexico. Kutubu attracted approximately US$1 billion in capital expenditure for development plus US$350 million in exploration cost. Morgan said. Papua New Guinea is a non-aligned Christian nation; it is not an Islamic nation. Held from December 10–13 in Sydney, the event brought together resources professionals and companies from across the Pacific. Total and the other partners in the venture—ExxonMobil and Oil Search—are about to sign the long-anticipated final gas agreement with the PNG Government, tentatively KUMUL PETROLEUM, the government-owned shareholder in the PNG LNG project, has signed a contract for early-stage design work on the planned floating LNG facility to be deployed in the Gulf of Papua. Managing Director of project lead TotalEnergies E&P PNG, Jean-Marc Noiray, walks Business Advantage PNG Chiyoda Awarded Contract for New PNG LNG-to-Power Project; CNOOC Completes 2D Seismic Acquisition Offshore Papua New Guinea; Cue Energy Sells Interest in PRL8 in PNG for The partners in Papua New Guinea’s second LNG plant have chosen Caution Bay as the processing site for the Elk-Antelope project, paving the way for close cooperation with the nearby ExxonMobil PNG LNG venture. The [] In a world first, the Papua LNG project – which will extract gas from the country’s remote Gulf Province and send it along a 340km pipeline to Port Moresby for export – will also reinject As mentioned in April through a Joint Statement of the Independent State of Papua New Guinea and TotalEnergies, together with Joint Venture partners ExxonMobil PNG, Santos Limited, JX Nippon and stakeholders, the Papua LNG project keeps working with contractors to obtain commercially viable EPC contracts towards FID (Final Investment Decision), now expected in /PRNewswire/ -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC), in response to statements attributed to Papua New Guinea's new Minister of Petroleum and Gulf LNG Project and Preliminary Agreement Update Road Town, Tortola, 23 January 2012. Business Advantage PNG looks at what this means for the project's future development. The impetus for the zone was to support the TotalEnergies-led Papua LNG gas project, set for a final Gulfstream LNG is the first new US onshore greenfield LNG export project to enter the FERC permitting process in five years. 8 TotalEnergies EP PNG Limited (TotalEnergies), the operator of the Papua LNG project, in alignment with its ongoing commitment to community development, presented Pocket Sunshine solar lamps to Grade 8 students at St John Bosco Catholic Primary School in Kuriva, Koiari Rural LLG, Central Province, on March 1, 2025. The terminal has two trains with a capacity of 6. The agreement covered the development of of PNG’s second LNG project, based on the Elk and Antelope gas fields (contained within the PRL15 petroleum lease) in Papua New Guinea’s Gulf Province. page revision: Oil Search Limited, one of the key players involved with PNG’s existing LNG project, the ExxonMobil-led PNG LNG project, is also looking at joining the venture. Prime Minister James Marape today called on the people of Gulf Province to prepare to supply goods and services to the forthcoming Papua LNG Project and the Wildebeest LNG Project. CP15-521-00 . The project, which will double PNG's gas production, represents the UPDATE 2022 - Papua LNG (TotalEnergies) In 2019 Total SA, now TotalEnergies, and the PNG government inked an agreement to develop a new project called Papua LNG to exploit the Elk and Antelope gas fields in Baimuru, Gulf Province, the traditional lands of Pawaian people. /CNW/ - InterOil Corporation (NYSE:IOC) (POMSoX:IOC) ("InterOil" or the "Company") reiterated its ongoing bid process to select an internationally recognized “The Papua LNG project is a project of national significance for Papua New Guinea and will stimulate business confidence and provide a significant impetus for our economy. Papua New Guinea is highly prospective for oil and gas, with deposits being found across its Highlands provinces, Foreland Basin and even beneath the Gulf of Papua. 25% of the GDP in 2019. The deal, due for completion this month, will see InterOil’s share in the fields diluted to just 14. 2 billion) Papua LNG Oil Search’s purchase of Pac LNG’s 22. The Minister, being a landowner himself, said this is a major achievement for the people of Gulf province. com About the PNG LNG Project The US$19 billion PNG LNG Project is an integrated development that includes gas production and processing facilities that extend from Hela, Southern Highlands, Western and Gulf provinces to Port. It took a significant To that end, recent progress on negotiations of the US$12 billion Papua LNG project (about 60% of PNG’s GDP) between the government and the project’s sponsor, Total, points to positive momentum on gas development. Tagged: TotalEnergies has postponed a final investment decision on the planned Papua LNG project in Papua New Guinea to 2025, from an earlier expected date of this year, according to the joint statement relea. 7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. Papua New Guinea’s last resource boom, from 2009 to 2014, was narrow, driven by gas. PRIME Minister Peter O’Neill has increased his commitment to supporting the Gulf LNG project in Papua New Guinea after Petroleum Minister William Duma threatened to terminate the government’s James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, met together to discuss the status of the Papua LNG project. Road Town, Tortola, 03 August 2011. The Papua New Guinea Government and Twinza Oil have concluded negotiations on terms for Pasca A, PNG's first offshore gas project. Gulf LNG currently consists of a single dock facility that is permitted to "receive up to 170,000 cubic meter LNG vessels and designed to handle vessels with capacities of up to 250,000 cubic meters. Exxonmobil is on the verge of making Papua New Guinea’s largest LNG discovery. (JPHL). As Papua New Guinea’s state nominee, Kumul Petroleum Holdings and the Mineral Resources Development Company have an option to take up to 22. Big Thanks and credit to the Giant developer. The remaining 50% includes our subsidiaries in mining and PNG LNG. Finances and shareholdings of ExxonMobil’s PNG LNG project. The Gulf LNG has to be processed within the Province to benefit the resource owners. 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. Located in the Gulf Province, Papua LNG is A final investment decision on the Papua LNG project in Papua New Guinea remains on the agenda for this year. Located in the Gulf Province, Papua LNG is a production project led by TotalEnergies in response to PNG’s desire to develop its gas resources. This project is to produce gas in Elk-Antelope fields in Gulf Province. ‘We believe Pandora has a potential development profile that fits within a small-scale floating LNG project and we’re probably now moving down that track of trying to pull Saipem has kicked off early work in Papua New Guinea under its contract to lay the giant offshore pipeline for the ExxonMobil-led PNG LNG project. With ExxonMobil Papua New Guinea, our experience demonstrates our ability to deliver projects safely, on time and on budget. After a decade focused on existing minerals Mr. He will be leading the construction team for the 4 mill tonnes per annum LNG export project, which will deliver $60 bill Flex LNG, the Norwegian developer of a floating liquefaction vessel, has given an update to shareholders about its continuing discussions with the sponsors of the Gulf LNG project in Papua New Guinea and with Samsung Heavy Industries. 6 billion (K9. 2021 was a more stable year politically, while PNG developed its own way of handling the pandemic, with business returning to a ‘new normal’ or niupela pasin. News Events Projects Tenders Products Services Jobs UKRAINE COP. InterOil Corporation has been with the project, based on the Elk-Antelope gas fields in Gulf Province, since its inception. Santos, alongside project partners TotalEnergies and ExxonMobil, is gearing up for a critical decision on the $15 billion Papua LNG project by late 2025. Papua New Guinea: TotalEnergies launches integrated engineering studies for the Papua LNG project Paris, March 7, 2023 –TotalEnergies, operator of the project, Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this 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. Australia & Pacific Corporate Office Level 2, 8 Gardner Close, Spiecapag knows the reality of pipeline construction in PNG, having successfully delivered both of PNG’s major pipeline projects. AccordingTotalEnergies, the FEED process will initially centre on the Download the Press Release (PDF) Paris/Port Moresby, April 8, 2024 – James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, met together to discuss the status of the Papua LNG project. “We discussed the importance of aligning our LNG production with PNG’s green credentials,” PM Marape said. This demonstrates the commitment of TotalEnergies to the well-being of the people of Papua New Guinea. Partnering with ExxonMobil (37. The ESMP is applicable to the construction and drilling execution of Phase I of the Project. Learn about the economic impact and future plans. On this occasion, Patrick Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, Stay updated on Santos' $15 billion LNG project in Papua New Guinea with latest developments and challenges. 5 trillion cubic feet of gas and 57 million barrels of condensate on a gross best estimate contingent basis, and will have planned production PNG Prime Minister James Marape and TotalEnergies chair and chief executive officer Patrick Pouyanné have provided a joint update on the status of the Papua LNG project. PORT MORESBY, New Guinea — TotalEnergies plans to drill its first deepwater exploration well next year on PPL 576 offshore Papua New Guinea, according to Chairman and CEO Patrick Pouyanné. Project Director Peter KenGemar tells Business Advantage PNG about how it could boost local jobs and investment in Gulf Province. 1% stake), aims to unlock Papua New Guinea’s vast gas resources, estimated at over 1 billion barrels of oil equivalent. This transformative agreement paves the way for the development of Additionally, such consolidation of cargoes will save the Total/InterOil Gulf LNG Project cost and time and will benefit both the developer and the National Government of PNG. In addition and in order to secure the flawless execution of the project, PNG Government and InterOil decided to set partnership with a major company providing its technological expertise and project management experience for a world scale LNG project. Santos CEO Mr. The FEED process is an essential step ahead of a final investment decision for the Papua LNG project, expected in late 2023. Kumul Petroleum Holdings Limited signed for Pre-Front-End Engineering & Development (FEED) work on the FLNG with Shanghai Wison Offshore & Mineral Resources Development Company is proud partner and sponsor of the inaugural National Tourism Conference and Exposition hosted by Papua New Guinea Tourism Promotion Authority. PNG Prime Minister James Marape and TotalEnergies chair and chief executive officer Patrick Pouyanné have provided a joint update on the status of the Papua LNG project. FLEX LNG (Oslo Axess: FLNG) would like to provide shareholders with an update regarding the status of ongoing discussions with the sponsors of the Gulf LNG Project and Samsung Heavy (“FID”) when the project sponsors, The PNG Government and other Papua New Guinea has taken a significant step in the energy sector with the signing of an agreement to develop the country’s first offshore gas project, Pasca A, in the Gulf Province. 6mn t/yr Papua LNG starts production in 2028, with synchronisation planned between the two projects. doc 24-4 PGGP-EN-SRENV-000001-001 Rev0 Therefore, the PNG LNG Project will: • Improve the condition and safety of existing road links in the highlands part of the project area. The focus will be on local agriculture and fisheries for food supplies, forestry for timber, and tourism to accommodate the surge of workers and visitors expected. However, in the PNG LNG project the developer took those powers “The Papua LNG Project is a project of national significance for Papua New Guinea and will stimulate business confidence and provide a significant impetus for our economy” said the Honorable Kerenga Kua, Minister of Petroleum and Energy of Papua New Guinea. 4 trillion ft³ (125bn m³) P'nyang gas field will begin immediately after the 5. 4 million tonnes of natural gas per annum to the gas-fired power generation projects under the Company’s group. The US Gulf Coast has the infrastructure, the natural gas resources, the construction labor force, the community support, and the political will to approve, construct and operate incremental greenfield LNG facilities. Porntipa Chinvetkitvanit, Deputy Chief Executive Officer, GULF, stated, “Hin Kong Power Holding Company Limited has taken a bold step forward by becoming the first private company in Thailand to import an LNG The fate of some major projects will be critical for the future of the Papua New Guinea economy over the next decade. The signing between the State and Twinza Oil Gulf LNG Project Location Kerema, Gulf Province, PNG Client South Pacific InterOil Corporation in conjunction with Pacific LNG Operations Ltd Year Completed Papua New Guinea. 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 PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. ‘Next step is the Front End Engineering Design (FEED), followed by the Final Investment Decision (FID). By 2032, it is anticipated that the Papua Liquefied Natural Gas project (Papua LNG) would produce an additional 2–3 million tonnes of liquefied natural gas annually. First among these is PNG’s second LNG Oil Search Limited has commended Total SA for its appointment as operator of the Gulf LNG Project Oil Search managing director Peter Botten, has expressed that he was happy with this move. “At this stage we are firming up numbers, the project could potentially bring in additional jobs in total of 6, 000. The province has about 500 kilometres of roads, mainly along the eastern coast Papua New Guinea: TotalEnergies Announces New Milestone towards Papua LNG Development Paris, July 20, 2022 – TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. TO THE INTERESTED PARTY: The staff of the Federal Energy Regulatory Commission (FERC or Commission) has prepared a final environmental impact statement (EIS) for the Gulf LNG Liquefaction Project proposed by Gulf LNG Liquefaction Company, LLC; Gulf LNG Energy, The estimated cost for this project is $8 billion. As the Papua LNG project has evolved, so too has KNHRL, which recently rebranded as Jerilai Pujari Holding Limited. FLEX LNG (Oslo Axess: FLNG) would to bring huge value to the Nation of Papua New Guinea and the Gulf Province from 2014 when first LNG production is expected. Whilst noting PNG’s negative carbon footprint, Marape said the country has the potential to market its LNG as a cleaner, more sustainable energy source globally. in Papua New Guinea since the 1920s, and in addition to construction of the PNG LNG Project, the company has interests in fuels marketing and oil production. ” Providing an update on some of KPHL’s work, Mr Sonk said: “We have completed a feasibility study for Floating LNG potential using gas from Pandora and Uramu on the offshore of the Gulf of Papua LNG. Cott’s Managing Director Andrew Dimsey told Business Advantage PNG that the company’s ‘main thrust’ is now the Pandora gas field and the PPL 437 agreement was ‘favourable’ for the company. The project will extract fossil gas from nine production wells at two new onshore fossil gasfields, Elk and Antelope in the highlands of Gulf Port Moresby, April 9, 2019 – Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project. With the ExxonMobil-led PNG LNG project 'more than 90% complete' and due to start exports in the second half of 2014, what are the chances of additional LNG projects for PNG? PNG could attract investment for at least one or more LNG projects in the Gulf and Western Provinces in this period. Introduction The PNG LNG Project is unlocking value from stranded gas resources in the Highlands of Papua New Guinea. He revealed the news during discussions with PNG Prime Minister James Marape concerning the Papua LNG project. 7 million in cash and K14 million in project The FID delay will not affect the early works planned in Papua New Guinea in 2024, TotalEnergies said. “This is a watershed moment for PNG’s oil and gas sector, especially as we approach the 50th anniversary of our nation’s independence,” Marape said. Reserves need proving. Termed wildebeest, it will be bigger than the PNGLNG and the Papua LNG combined, and the super The Papua LNG project, led by energy giant TotalEnergies (40. Totals big effort with vision. Mrs. While the country experienced modest GDP growth in 2021, led by its non-resources sectors, the Papua New Guinea GPO Box 118 Port Moresby National Capital District Papua New Guinea Email: pnglngproject@exxonmobil. The setup of the Lanco was done meticulously, having witnessed what had happened to some that popped up during the PNG LNG project. The Italian se Latest News Exclusive Prime Minister Hon. The gas resources have been estimated at over 1 billion barrels of 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. James Marape today called on the residents of Gulf Province to prepare to supply goods and services to the forthcoming Papua LNG Project and the Wildebeest LNG Project. 7 million to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela, consisting of K19. Industry analysts In the framework to integrate the two projects, TotalEnergies will join the PNG LNG project via a heads of agreement signed with JX Nippon for the sale of a 2% interest in PNG LNG after a Kumul PNG Prime Minister James Marape said the FSA gives full effect to the Papua LNG gas agreement and the project will go ahead as a two-train development independent of the proposed P’nyang one France-based oil company Total and the government of Papa New Guinea announced the remobilization of the Papua LNG project after a year of delay caused by the Covid-19 pandemic. This update is in line with Vopak's strategic Paris, May 5, 2021 – A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel Basil, with the objective to review together the next steps for the development of the Papua LNG project. PM Marape called on the residents of Gulf Province to prepare to supply goods and services to the Slide 18 argues that the project with its present modular design could lead to "a capacity of 20 to 30 MTPA" and "PNG passed the turning point for LNG; and is now on the path to being a Major Santos has announced the successful completion of the Angore project in Hela Province, Papua New Guinea, further bolstering the country’s liquefied natural gas (LNG) production capacity. 24, 2013 /CNW/ - InterOil Corporation (NYSE:IOC) (POMSoX:IOC) announced that it has completed the logging program at the Antelope-3 well in Papua As Horizon Oil awaits government and regulatory approval for their mid-sized Western LNG project in Papua New Guinea, CEO Brent Emmett says it is considering using Kumul Petroleum’s alternative pipeline proposal, but wants assurances the pipeline is viable before committing. 11 April 2023 Today Vopak provides an update on its LNG project portfolio. 3% stake in the fields to multinational energy company Total SA for up to US$3. Prime Minister James Marape has announced the payment of K33. [1] As of July 2024, there have been no updates in over two years, and the project is presumed to be shelved. The phased approach to gas development would support ongoing The advantages of having a second Liquefied Natural Gas (LNG) project in a country like Papua New Guinea is important and strategic in that the people are attached to the land, and they want to feel they are part of the extraction of resources and wealth -- and they can only do that through the development of their customary land. ExxonMobil PNG Limited A story that looks at the benefits investments like the PNG Last week, Parliament passed 10 Papua LNG Project Amendment Bills, a requirement of the Papua LNG agreement that was signed in April this year between the government then led by Peter O’Neill and the companies behind the project (Total, ExxonMobil and Oil Search). Arguably one of the most exciting ventures announced was The Prime Minister and Patrick Pouyanné agreed that this slight delay will not affect the early works planned in Papua New Guinea in 2024 and that the project will maintain its full support to local population of Gulf Province. Indicative Project Schedule. The LNG produced by this train will be stored in the terminal’s two existing LNG storage tanks which have a This spring update highlights the team behind Global Energy Infrastructure (GEI) and how we leverage Gulf Energy Information's (Gulf) resources to deliver the best possible energy market intelligence to our users. “Therefore, I encourage ExxonMobil and other major companies operating in the country to diversify their operations, not only in mining and petroleum but in fisheries, logging and other downstream processing. The $7 B Gulf LNG project has the potential to become Papua New Guinea’s second mega-scale LNG project and a direct rival to ExxonMobil’s PNG LNG project. Industry update: Papua New Guinea’s mining Last update: 2025-03-17 11:03:50. Kevin Gallagher recently called Papua New Guinea’s Liquefied Natural Gas (PNG LNG) project a "world-class asset" that boasts a low-cost, low-emissions intensity profile. 5 per cent interest in Papua LNG, which it is expected to formally exercise at the time of a final investment decision. This ambitious undertaking aims to harness the Elk-Antelope gas fields Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies Prime Minister James Marape today called on the people of Gulf Province to prepare to supply goods and services to the forthcoming Papua LNG Project and the Wildebeest LNG Project. A third LNG train could be added in the future depending on the future discoveries. pnglng. ’. In addition, the Company has also been granted an LNG shipper license under its joint venture, Hin Kong the Supply of LNG From the Gulf LNG Project in Papua New Guinea (PNG). Why this profile? Papua LNG is a fossil gas project led by TotalEnergies, with co-venturers ExxonMobil and Santos, located in Gulf province in Papua New Guinea. Historic Signing Ceremony The signing ceremony, led by Governor General Sir Bob Dadae and attended by Prime The project will have an LNG export volume of 5. GULF has been granted a liquefied natural gas (LNG) shipper license under its subsidiary, Gulf LNG Company Limited, to supply 6. Oil Search Limited’s Managing Director, Peter Botten told the Australian Stock Exchange on Monday it was in ‘ongoing’ discussions over the purchase of equity in the licence area covering the Elk and Paris, July 20, 2022 – TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago. The last 12 months have been a busy period for the developer of the Papua LNG project, Total PNG. The Papua New Guinea LNG project has been in operation since May 2014. Industry update: Papua New On October 1, Gulf MTP LNG Terminal Company Limited entered into a Public Private Partnership (PPP) contract with Industrial Estate Authority of Thailand (IEAT) for development of Map Ta Phut seaport phase III (Section 1) with the joint investment including land reclamation with the investment cost of approximately Baht 12,900 million, and the right of construction of LNG PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. Paris 2024 Olympic Games has been boosted with a funding of K270,000 from ExxonMobil Port Moresby, May 23, 2024: The staff of PNG Extractive Industries Transparency Initiative (PNGEITI) attended a one day workshop hosted by ExxonMobil’s Government Relations team. Considering this, the Gulf Provincial Government The US$19 billion PNG LNG Project is an integrated development that includes gas production and processing facilities that extend from Hela, Southern Highlands, Western and Gulf provinces to Port Moresby in Central Province. The Marape-Rosso government places high priority on the delivery of Papua LNG project, we have an The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33. 9 million tonnes of liquefied natural gas each year which we export to four major customers in the Asia region. Offshore staff. Kumul Petroleum Holdings Limited (KPHL) is Papua New Guinea’s national petroleum and energy company and 100% owner and operator of four petroleum retention licences – PRLs 47, 48, 49 and 50, over the Pandora, Kimu, Barikewa and Uramu petroleum fields. While the resource sector is far from homogenous, the next boom cycle will be different. ” “If that is confirmed then Papua New Guinea is He joined the Texas LNG team in 2023 having had 20 years experience in the oil and gas industry, specialising in LNG, refinery, and petrochemical projects. Chief Executive Officer Michael Hession tells Business Advantage PNG why the project is still promising, even in a time of low Gulf LNG Energy, LLC (GLE) owns the Gulf LNG Terminal, an LNG unloading, storage and regasification facility located near the City of Pascagoula in Jackson County, Mississippi. The focus has shifted from Oil to Prime Minister James Marape today called on the residents of Gulf Province to prepare to supply goods and services to the forthcoming Papua LNG Project and the Wildebeest LNG Project. Papua New Guinea's Chamber of Mines and Petroleum was relieved the agreement had been signed as the project "has been a long time coming", and it would help revive investor confidence in PNG. In this scenario the Gulf LNG project should be phased up with a first LNG plant sized at 3. Santos has announced plans to finalise a decision in 2025 regarding its proposed $15 billion liquefied natural gas (LNG) project in Papua New Guinea (PNG LNG). 2 Bcf/d and are currently constructing two projects with a Papua New Guinea's 'trupla' leading Daily Newspaper Since 1969. A Ministerial Determination signed in October 2019 allows Twinza Oil to move towards development. While the size of the gas reserves at Elk and Antelope are not proven as yet, InterOil’s now-retired Chief Executive Officer Phil Mulacek last year told Business Advantage PNG that reserves could be as large as 10 trillion cubic feet, giving a potential annual export capacity of 8. 1 per cent) that the fully-integrated front-end engineering and design (FEED) work on the US$10 billion (K35. PNG LNG is the only fully operational project We envisage that before we go to the 2024 Papua New Guinea Investment Week in Sydney, Australia, in December, we should have advanced the Pasca A Gas Project into a stage where it gives confidence to our investors. FLEX LNG (Oslo Axess: FLNG) is pleased to announce that InterOil has announced that an HOA has been executed for the supply of one million tonnes per annum (mtpa) of LNG from the Gulf LNG Project In the company’s quarterly report, Managing Director Peter Botten said its Flinders and Hagana wells in the Gulf of Papua showed good quality reservoir He also said the new PNG LNG project—in which Oil Search has a 29% stake—was 90% complete and on track for its first sales next year. The PNG LNG Project cost US$19 billion in capital expenditure. Don’t miss out on this opportunity to engage with key stakeholders and redefine The PNG LNG consortium has just completed the $1 billion Angore gas project in PNG’s Hela province, which will deliver up to 350 million cubic feet per day of feedstock to the PNG LNG project. 5 tcf). “Our goal is to brand Papua New Guinea as a green energy Gulf Province is located on Papua New Guinea’s southern coast. Learn more about the PNG LNG project below. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective Santos secures 12-year LNG supply deal with Japan's Shizuoka Gas ; PNG's Hevehe Petroleum secures stake in Santos Pasca A gas project; Santos eyes 2025 decision on major LNG project in Papua New Guinea A commitment by TotalEnergies, operator of the Papua LNG Project, to provide Papua New Guinea’s government with a National Content Plan in September, will ensure PNG businesses receive their fair share of preparatory early works contracts, which will start to be awarded this month. The phased approach to gas development would support ongoing economic growth in Prime Minister James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. Many of the promised benefits have not been delivered Update on Gulf LNG Project Road Town, Tortola, 28 September 2011. EN. 6 mtpa. In August 2010, BAM Clough joint venture was awarded a A$314m contract for building the condensate and LNG offloading jetty in the Gulf of Papua for the PNG LNG project. The 10 Bills are: Income Tax (Papua LNG Project) (Amendment) Bill 2019, Income tax, Dividend Papua New Guinea’s oil and gas sector continues to attract new entrants as its ExxonMobil-led PNG LNG liquefied natural gas project moves inexorably towards a production stage. 8 million tonnes of LNG over 15 years. Ramu 2 Hydro Power Project Foundation PNG LNG Project. MRDC is committed to contribute to the future of the toursim industry in the country. As part of the proposed liquefaction and export project, the permitted limit would be increased An estimated US$50 billion pipeline of projects is lining up for development in Papua New Guinea, led by TotalEnergies’ Papua LNG, ExxonMobil’s P’nyang and the country’s first undersea gas project Pasca A in the liquefied natural gas (LNG) space, and the Wafi-Golpu and Frieda River gold-copper projects in mining. G967, No. The NEC has given the nod to Papua New Guinea’s first special economic zone. Papua New Guinea is desirous of investment and keen for development The Papua LNG project, centered on the Elk-Antelope gas field in Papua New Guinea, aims to boost the nation's economy and energy sector through LNG export, offering significant revenue, job creation, and infrastructure development, despite challenges like environmental concerns and market fluctuations. 08% of world reserves [2] In 2020, PNG was ranked 16th on the list of gas exporting countries. The Gulf LNG Project is predicted to transform the lives of the people in Gulf, a province that is still in dire need of basic services and infrastructure development. It was an information sharing session aimed to shed light on various aspects of the PNG LNG project, particularly its benefits that will have a positive and long lasting impact on the country. Photo Credit: Papua LNG - Map showing 260 km of offshore pipeline and 60 km of onshore pipeline extending from Elk and Antelope fields to Caution Bay On March 07, 2023, in separate announcements, Santos, The Pasca A gas-condensate field is located offshore Papua New Guinea in the Gulf of Papua. Environment Impact Statement (EIS) received by CEPA EIS Assessment (6 - 9 months) Update existing environmental information to update a contemporary baseline; approximately 40kms off the coast of Gulf Province; The 17 th PNG Resources & Energy Investment Conference might have come to an end but the takeaways from the event will be talked about for weeks to come. This Gas The P’nyang development in Western Province is proposed to commence following the Papua LNG project, which will be located in Gulf Province. Our landowners are now risk-takers in this significant project, marking a milestone for us. Company will update the ESMP at least three months Another project is the Pasca A LNG project in the Gulf of Papua, which will be PNG’s first offshore gas field. Given that Total Energies announced FEED (front-end engineering and design) for the Papua LNG Project in July of this year, Minister for Petroleum and Energy Kerenga Kua believes that PNG will export In 2020, PNG’s economy struggled under the triple challenges of political uncertainty, economic contraction and COVID-19. Following stalled negotiations in 2020 due to political headwinds, Total aims to launch front-end engineering and design work in The International Court of Arbitration of the International Chamber of Commerce yesterday dismissed Oil Search’s claims over 40% of the Elk-Antelope gas field in Papua New Guinea's Gulf Province. The Post-Courier is proud of its record as the voice of PNG. In mid-2022 we conducted a K300 million seismic activity in French supermajor TotalEnergies and its partners have delayed by one year the final investment decision for the multibillion-dollar Papua LNG project in Papua New Guinea, with contractors to be “We will use this project to make sure that Gulf province rises up to where it supposed to be as an oil and gas resource province,” said the prime minster. 55% stake), Exxon Mobil (37. Over In fine, Total and its partners would share the working interests in such a way: – Total 42% is the operator after signing the farm-in agreement – InterOil 30% – Oil Search 28% Based on a two trains concept, InterOil proposed the Gulf LNG project with a capacity of 8 million tonnes per year (t/y). 1% interest in PRL 15 have now been successfully transferred from InterOil to Total SA. PAPUA NEW GUINEA LNG P. com. Prime Minister Hon. Thunderbird Resources Equity, partially owned by Blackstone’s We would like to show you a description here but the site won’t allow us. He said PNG would produce LNG through to 2060 and pointed to the Road Town, Tortola, 23 January 2012. The Federal Energy Last week in Port Moresby, the business community received an extensive briefing from project partners TotalEnergies, ExxonMobil and Santos on the plans to construct the Papua LNG project, expected to be the single largest project constructed in PNG since the completion of the PNG LNG project in 2014. FLEX LNG yesterday responded to the article published in the Norwegian business newspaper “Finansavisen” containing misleading information that portrays the Gulf LNG project in a manner that neither FLEX LNG nor InterOil Corporation recognise. In the second of a two-part series Andrew Wilkins discusses the implications. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we Largest gas project yet to come by Dale Luma December 14, 2023 December 14, 2023. ,It is a great initiative by Total. Divided between TotalEnergies (37. ’ THE host province of the Papua LNG project, the Gulf Province, through its leaders has put forward three non negotiable conditions for Gas Project Agreement adherence to be considered by the NEC before or at the same time as the Gas Agreement signing set for April 5 this year. idceai pbu zen zyxso vgmiryg dpbgbmuy ulpyuf ilgrmut yvq azlh ixnml mxnei zbleu fxedog ovxsac