Gulf lng project png update It began with a group of Australian geologists who first came in 1913 to PNG to investigate prospects of hydrocarbon on behalf of the Australian Government. As Papua New Guinea’s state nominee, Kumul Petroleum Holdings and the Mineral Resources Development Company have an option to take up to 22. Early works are on track for 2024. Our country is Papua New Guinea and not Papua and New Guinea. Landowners from the Papua Liquefied Natural Gas (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. Since then exploration activities went on without commercial discoveries until 1986 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. Nov 10, 2011 · Gulf LNG project includes the development of the onshore Elk and Antelope gas and condensate fields in the Gulf Province of Papua New Guinea. 6 million tonnes per year. AccordingTotalEnergies, the FEED process will initially centre on the upstream production facilities for the project, which are based on the Elk and Antelope gas fields in PNG’s Gulf Province. ‘Next step is the Front End Engineering Design (FEED), followed by the Final Investment Decision (FID). Gas produced from these fields is proposed to be liquefied by a floating LNG (FLNG) vessel and exported. Sep 3, 2019 · 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. It is Discrimination and Racist at its best and one which promote Secessionist mentality. Jul 28, 2022 · The FEED process is an essential step ahead of a final investment decision for the Papua LNG project, expected in late 2023. “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. 8%) aims to develop Papua New Guinea’s gas reserves (over 1 billion barrels of oil equivalent). The Gulf LNG Project will also use the proposed Gulf Port, which will be constructed by Gulf Teras Services Ltd. With […] The project will have an LNG export volume of 5. 1%) with ExxonMobil (37. . Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. 5 per cent interest in Papua LNG, which it is expected to formally exercise at the time of a final investment decision. Jun 18, 2024 · If successful, Wildebeest could expand the construction window for LNG projects in the country even further – out to 13 years. ’ Exxonmobil is on the verge of making Papua New Guinea’s largest LNG discovery. Jan 29, 2014 · 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. 1%) and Santos (22. Jul 14, 2021 · Prime Minister James Marape said that the Papua LNG project in the Gulf will enter pre-Feed (front end engineering and design) in September. Feb 12, 2025 · Pasca A offshore gas project, set to contribute to PNG’s LNG portfolio P’nyang gas project – following Papua LNG to ensure long-term energy sector expansion. Centered on the Kikori district of Gulf Province, the Ihu Special Economic Zone (ISEZ) will consist of a free trade zone, petroleum park, industrial zone, technology park, forestry park, marine park, a deep sea port and airport, a township with hotels and resorts, and a government and administration area, Peter KenGemar, the ISEZ Project Director tells Business Advantage PNG. The people who name it are so naive about our history. Commitment “Our commitment to Papua New Guinea is one of mutual benefit for the State of Papua New Guinea and its people and is built on the strength of collaboration and partnership that underpins everything we do. Papua LNG Project led by TotalEnergies (40. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much Jan 30, 2025 · Find the latest news on the Papua LNG project here : While several factors have delayed the final investment decision on Papua LNG, Papua New Guinea’s second gas project, Jean-Marc Noiray, Managing Director of project lead TotalEnergies E&P PNG, says he’s “confident” the project will reach that landmark this year, “with all the lines of activity progressing well: technical optimisation, regulatory permitting, gas marketing and project “The commencement of upstream FEED studies is another significant step towards developing the Papua LNG project, which will increase Papua New Guinea’s LNG export capacity and thus contribute to its further development,” said Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies. The Project will have a projected LNG export volume of 5. “We are in a strong position for economic growth, and I encourage our financial institutions, superannuation funds, and private sector players to align with these developments Apr 8, 2024 · As a consequence, FID of Papua LNG project is now expected in 2025. Paia Inlet proposal replaced Apr 21, 2021 · Background – Petroleum Industry in Papua New Guinea The exploration for petroleum in Papua New Guinea has a long history which dates back to early 1900s. Dec 9, 2024 · Santos, alongside project partners TotalEnergies and ExxonMobil, is gearing up for a critical decision on the $15 billion Papua LNG project by late 2025. Termed wildebeest, it will be bigger than the PNGLNG and the Papua LNG combined, and the super major is working with the Minister for Petroleum and Energy Kerenga Kua and his team to advance exploration to determine the size of the resource. This ambitious undertaking aims to harness the Elk-Antelope gas fields in Papua New Guinea’s Gulf Province, potentially solidifying the nation’s status as a major player in the global energy market. Dec 3, 2024 · 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 EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID. Final Investment Decision (FID) is targeted for 2025, with a potential production start-up in 2026. 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. The project should be called Gulf LNG Project or Kerema LNG Project. 6 million tonnes per year (Mt/y). Jul 8, 2015 · I totally opose the namimg new LNG Project as “Papua LNProject”. nsklvz wqbtz eawlxfpg odvn kqrjlcuja bhv lxfzcg zgo gvhxhd ltclwly ynmrd ucyh mhug euxtwq wzswuz