French oil and gas company TotalEnergies has announced a fully integrated front-end engineering and design (FEED) for the Papua LNG project.
Papua LNG partners selected a concept that includes four electric liquefied natural gas (LNG) trains with a total capacity of four million tonnes per year (mt/y) to maximise synergies while minimising costs. The existing liquefaction plant of PNG LNG in Caution Bay will build the trains, committing to reducing the carbon intensity of the project.
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ExxonMobil has remained PNG LNG’s operator since 2014, and will also construct and operate the electric liquefaction trains. Papua LNG could operate up to 6mt/y of liquefaction capacity, aiming for first production by the end of 2027 or early 2028.
Julien Pouget, TotalEnergies’ senior vice-president of Asia Pacific for exploration & production and renewables, said: “This project, supported by the Papua New Guinea State, will contribute to the security of LNG supply, especially for customers in Asia, where LNG can substitute coal for power generation and participate in a substantial reduction of CO2 emissions in the region.”
TotalEnergies holds a 40% interest in the project, along with its partners ExxonMobil with 37.1% and Santos with 22.8%. The former company has developed Papua LNG in the state of Papua New Guinea. The island country could get up to a 22.5% interest at the final investment decision planned by the end of the current year or early 2024.
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Kerenga Kua, Minister of Petroleum and Energy of Papua New Guinea, said: “The Marape-Rosso government places high priority on the delivery of the Papua LNG project. We have an improved deal and contribution of our national contractors and workforce. The government encourages all stakeholders including project partners to work diligently to deliver an on time-on [sic] budget project.”
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