Gulf lng project png 2022 At the 17th Papua New Guinea Resources and Energy Investment Conference in Sydney, Australia, TotalEnergies Public Affairs Manager Richard Kassman gave an overview of the Papua LNG project, focusing on the National Content and community initiative aspects of the Project. 5 billion for the state over eight years of production (2014-2022). Mar 15, 2023 · October 7, 2022 – Port Moresby, Papua New Guinea One of the world’s three largest Liquefied Natural Gas player, TotalEnergies is the Operator of the Papua LNG project. 58%), joining the project since then. 2 billion in tax Jul 20, 2022 · 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) studies for the Papua LNG project's upstream production facilities. 7pc) and the Papuan government (22. , the PNG company's head said on Tuesday. Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P'nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. 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. Jan 3, 2015 · 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. 8%. 5 million tonnes per year to 14–15 million tonnes per year, he said during the 2022 National Petroleum and Energy Summit in Port Moresby. Search for: Search Home • In Southeast Asia, protracted timelines for new LNG infrastructure projects, plus the favorable economics of alternative energy sources, are likely to constrain LNG demand growth, particularly in Vietnam and the Philippines. He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western 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. Considering this, the Gulf Provincial Government has engaged the services of Frontier Equities Limited as Specialist Investment Advisor to develop a town plan and necessary 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. There are over 700km of pipelines connecting the facilities, which includes a gas conditioning plant in hides and liquefaction and storage facilities near Feb 12, 2025 · 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. The Gulf Governor, Chris Haiveta, said this meet up 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). 2 billion to the State. Kapuna Rural hospital had a complete upgrade to its health facilities in 2019. Your weekly digest of business news. With nameplate capacity of 6. Papua New Guinea is desirous of investment and keen for development PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. 6 million tonnes per year (Mt/y). 22. Sep 8, 2022 · The seventh, and most recent, U. The Marape-Rosso government places high priority on the delivery of Papua LNG Of the K251million paid, K189million was dividends for PNG LNG project Kroton Equity option beneficiaries (landowners), and K62million was paid to the five provincial governments – Hela, Southern Highlands, Western, Gulf and Central. 1pc) include ExxonMobil (28. While the resource sector is far from homogenous, the next boom cycle will be different. “It is my expectation that as the country celebrates its 46th Independence anniversary on Sept 16, we will observe much Hon. Exxonmobil is on the verge of making Papua New Guinea’s largest LNG discovery. March 31, 2023. Papua LNG is working hand in hand with PNGFA to ensure that this program is successful and to provide the necessary support in safety culture and local benefits for Dec 6, 2016 · 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. 0 7. May 5, 2021 · 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. Tera Shandro, on behalf of the State and PNG LNG co-venturers, including Kumul Petroleum Holdings Limited (KPHL), Mineral Resource Development Company (MRDC), Santos, and JX Nippon. Jan 6, 2025 · 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. These will provide an early opportunity for local businesses to get involved in the project. Papua LNG signed in February 2022, an agreement with the Forest Authority of PNG (PNGFA) to plant more than 1,000 hectars (ha) of trees, and to restore the degraded areas in Kuriva. K7. 04%), Santos (22. With the selldown of 5%, Santos will own 37. Date advertised: 31 Mar 2025 - *NEW* PNG Air Limited - National Capital District PNG Air is the largest privately-owned airline company in Papua New Guinea boasting a fleet of ATR 72-600 series aircrafts. 5 billion to Kumul from the state's 19. As May 6, 2021 · 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. “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. Mar 14, 2022 · Since the start of LNG production, more than K14 billion has delivered sent to the state from the PNG LNG project. 5%, still ahead of Exxon Mobil Corp. In February 2022, Gulf Energy Development Plc was granted a license to import more gas into Thailand, which would apply to gas imported through the Gulf MTP LNG project. ” “The PNG LNG Project is a 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. The contribution was presented to the Papua New Guine May 6, 2023 · The Papua LNG project, which is expected to go into its construction phase in 2024 onwards, is expected to recruit over a thousand skilled workforce; presenting a big opportunity for Papua New Guineans to work in the next big LNG project. Addressing recent delays in the project, Marape said cost escalations had necessitated a review of engineering, procurement, and construction contracts to align Apr 17, 2022 · PNG LNG 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 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. 6 percent stake in the LNG project to Kumul. Papua New Guinea is a non-aligned Christian nation; it is not an Islamic nation. A new climate bomb. Our operations are producing approximately 7. The Honourable Prime Minister of Papua New Guinea James Marape, Minister for Petroleum, Mr Kerenga Kua, Minister for Mining Mr Johnson Tuke, Treasurer, Mr Ian Ling-Stuckey, Minister for Energy, Mr Saki Soloma, Australia Minister for International Development and the Pacific Senator the Honourable Zed Seselja, other representatives from Government, our key development partners who Mar 7, 2023 · “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. “In the Reference case, we project that annual natural gas production from 2022 through 2050 will grow by 52% on the Gulf Coast and by 50% in the Southwest,” EIA details. Apr 18, 2024 · Thus, was born the Papua New Guinea LNG Project, more familiarly known as the PNG LNG Project. G967, No. Aug 12, 2021 · TOTALENERGIES EP PNG LIMITED, the Operator of Papua LNG Project in the Gulf Province of Papua New Guinea is offering another round of scholarships to study TVET programs at Port Moresby Technical College in 2022. . This includes K7. 7 per cent stake in the PNG LNG Project, to also participate in upstream and downstream of Papua LNG (Gulf), P’nyang LNG (Western) and the exciting new Muruk LNG (Hela Mar 27, 2024 · 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. Separately, TotalEnergies confirmed to the Papua New Guinea government that it intends to drill the first deepwater exploration well on the PPL 576 license next year. Landowners missed out during the construction phase,” said the Minister. 20pm Papua New Guinea’s mining outlook. In 2021, two operations and maintenance technicians became the first Papua New Guineans to be appointed as Well Operations Technicians. Mar 7, 2023 · Santos also has a 42. Current total crude oil production is about 22,000 barrels of oil per day. Kua, will virtually double PNG's LNG exports from the current 8. We have built over 600 km of operating pipelines in the Southern Highlands and Gulf provinces since the 1990’s. He said that as a benefit to PNG once the Expanding our business beyond energy We are committed to building a strong foundation for a sustainable future Scroll to Explore Thailand’s leading conglomerate We are committed to building a strong foundation for a sustainable future Explore More Energy Business Enhancing economic stability through a total electricity capacity of 23,355 MW Infrastructure & Logistics Business May 7, 2024 · Team Papua New Guinea’s (PNG) campaign to the Paris 2024 Olympic Games has been boosted with a funding of K270,000 from ExxonMobil PNG Limited, the operator of the PNG LNG Project at the ExxonMobil Haus, in Port Moresby today (30 May 2024). This is the first sale of the super-chilled fuel the Pacific island nation's state-owned Kumul Petroleum Holdings Limited (KPHL) has made, the T State should lead Social Mapping and Landowner Dec 6, 2022 · Papua New Guinea's state-owned Kumul Petroleum is in talks with Australia's export credit agency to help fund a $1. Total PNG’s Managing Director, Philippe Blanchard, gave EMTV an exclusive update on the project. PNG’s five-year electoral cycle means the current government led by Prime Minister James Marape must face the voters in June 2022 to obtain a mandate for its ‘Take Back PNG’ agenda, which has the aim of obtaining a better return from the nation’s resources for local interests. 5% back-in entry to TotalEnergies’ Papua LNG project, which has received approval Jun 14, 2012 · Gulf Regional candidate Susuve Laumaea has told voters in Gulf Province that he fully supports location and development of InterOil's Gulf LNG Project in Gulf Province Mar 24, 2025 · Photo credit: Richard Dellman - EMTV Prime Minister Hon. As of July 2024, there have been no updates in over two years, and the project is presumed to be shelved. “We wanted to avoid that mistake. Finances and shareholdings of ExxonMobil’s PNG LNG project. The Job Role Summary. The joint-venture (JV) partners—which aside from TotalEnergies (31. The P’nyang development in Western Province is proposed to commence following the Papua LNG project, which will be in Gulf Province. PNG LNG has many factors in its favour as a distinct source for LNG for supply to East Asian markets. He says Total is using local labour and companies as much as possible. Aug 22, 2022 · TotalEnergies SE has let a front-end engineering design (FEED) contract to Technip Energies for the operator’s Papua LNG project upstream production infrastructure in Papua New Guinea. 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. 5pc)—have launched Feed studies for the project’s upstream production facilities. Feb 11, 2025 · In addition to Papua LNG, several major resource projects are moving towards development, including: Wafi-Golpu gold and copper project – Final agreements expected in 2025. Prime Minister James Marape has announced the payment of K33. Nov 28, 2016 · Philippe Blanchard, Managing Director of Total E&P PNG – operator of the Papua LNG project – tells Business Advantage PNG that production for the project is expected to begin in 2022/2023. Gulf LNG Liquefaction Project . The phased approach to gas development would support ongoing economic growth in Papua New Guinea by supporting job creation, economic opportunity as well as training and skills development programs. Nov 16, 2022 · “We are excited to continue advancing our U. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is Nov 7, 2017 · Landowners of Gulf Province are to be treated as development partners of the Papua LNG and Pasca ‘A’ Gas Field Project. May 8, 2023 · Papua New Guinea’s last resource boom, from 2009 to 2014, was narrow, driven by gas. Gas resources in PNG have been estimated at over 1 billion barrels of oil equivalent. 5% interest in PNG LNG and in September 2022 announced a conditional agreement to sell a five% interest in PNG LNG to Kumul Petroleum Holdings Limited (Kumul) for an asset Mar 7, 2023 · PNG hopes a second LNG project in the country will spur much needed economic growth. PNG LNG is the only fully operational project Mar 6, 2024 · Santos today announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. The project is targeting a final investment decision (FID) around the end of 2023, and a start-up at the end of 2027. 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. Liquefied natural gas is the liquefied form of natural gas, which has a much smaller volume than natural gas in its gaseous form. ” Both phases of the Gulf LNG Liquefaction Project will take advantage of additional existing terminal infrastructure, including electrical and mechanical utilities, control buildings, and the 5-mile 36-inch diameter Pipeline (see Import Terminal). There are over 700km of pipelines connecting the facilities, which includes a gas conditioning plant in hides and liquefaction and storage facilities near National Content honoured in the 2023 PNG Resource and Energy Investment Conference in Sydney, Australia. Dec 1, 2022 · In PNG, a 700 km pipeline is a major component of the infrastructure for the PNG LNG project. Nov 27, 2023 · 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 days ago · Aircraft Maintenance Supervisors. The Mineral Resources Development Company was used to make the payment (MRDC). As part of the MTP3 project, the Company has been granted rights to design, construct and operate an LNG terminal, with an annual capacity of up Spiecapag knows the reality of pipeline construction in PNG, having successfully delivered both of PNG’s major pipeline projects. Re: Gulf LNG Liquefaction Company, LLC DOE Semi-Annual Report No. Twinza Oil (PNG) Limited chairman, Stephen Quantrill said when in full production, the Pasca A Liquefied Petroleum Gas (LPG) project’s landed prices will be lower than the current LPG imports. 8 billion in royalty payments, K0. The Papua LNG project alone would increase the country’s annual emissions from the industrial and energy sectors by 7%, resulting in over 220 million tons of CO2 emissions (scope 3), or as much as the annual emissions of the whole of Bangladesh and its 169 million inhabitants. As the premier source of information for the latest industry updates in the Pacific nation, PNG Mining keeps readers up to date on news, trends and insights, and is the official resource of the PNG Industrial and Mining Resources Exhibition PNG LNG project is an integrated development that includes gas production and processing facilities in the Southern Highlands, Hela, Western, Gulf and Central Provinces of Papua New Guinea. “The revenues and associated benefits from the PNG LNG Oct 18, 2024 · In 2022, Wison secured a contract from Eni covering the engineering, procurement, construction, installation and commissioning of an FLNG vessel for the Congo LNG project. 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, LLC Oct 18, 2024 · Australia’s Santos currently has a 42. Aug 15, 2022 · We hear from one of the most prospective, Ihu SEZ in Gulf, host province for the Papua LNG project. The focus has shifted from Oil to Liquefied Natural Gas (LNG May 25, 2022 · 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. Prime Minister Hon. 7 billion in development levy payments, and K6. Nov 16, 2018 · Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the gas agreement for the Feb 25, 2022 · On 22 February 2022, the Independent State of Papua New Guinea and the P’nyang Project co-venturers, including Esso PNG P’nyang Limited and Ampolex (Papua New Guinea) Limited together with affiliates of Santos and JX Nippon, signed the P’nyang Project Gas Agreement for the proposed development of the P’nyang LNG Project. Revenues delivered by the PNG LNG Project include PGK 7. LNG export project—Calcasieu Pass LNG—placed all of its liquefaction trains in service by August, ahead of schedule. Oct 13, 2021 · “Our project of Papua LNG, after three years of delay, we are again, mobilising our project team, targeting front end engineering and design (Feed) entry through to 2022, final investment decision final investment decision (FID) in the fourth quarter 2023 and start four years after in the fourth quarter of 2027,” Noiray said. Feb 1, 2023 · The PNG LNG project has generated K16. James Donald in relation to P’nyang, as well Pipeline landowners live in remote villages in Hela, Southern Highlands, Western, Gulf and Central provinces. 1 The LNG Industry: Annual Report 2020, page 48, International Group of Liquefied Natural Gas Importers, accessed April 29, 2020 PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. The Gulf LNG Elk-Antelope Bluff Landowners Association has protested against the National Government for failing to involve landowners in dialogues Jan 14, 2025 · 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. 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 Feb 22, 2022 · IRVING, Texas – ExxonMobil subsidiary Esso PNG P’nyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the P’nyang project gas agreement for the proposed development of the P’nyang LNG project. 5bn over the 30-year lifetime of the project. This liquefied condition is used to facilitate the carriage of natural gas over long distances, often by sea, in specialized tanks. The new hospital was inaugurated on January the 28th, 2022. Sep 26, 2022 · Santos became the largest shareholder in PNG LNG, Papua New Guinea's largest resource project, with its takeover of Oil Search last year. The Gulf LNG Liquefaction Project will enjoy many advantages as a brownfield development, including: May 7, 2024 · PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. Besides PNG LNG, France’s TotalEnergies and its partners are working to make a final investment Jun 18, 2016 · Primary Menu. 6 million tonnes per annum (Mtpa). The head of Papua New Guinea’s mining industry regulator will outline the next wave of projects in the sector and consider forthcoming Feb 8, 2023 · LNG tanker 'Spirit of Hela' (Santos) NEWSLETTER | PNG Business News MAKATI, PHILIPPINES - The PNG LNG project generated K16. The contribution was presented to the Papua New Guine Dec 14, 2023 · PNG Mining is an industry-leading online news resource focused on the Papua New Guinea resources sector. Apr 10, 2024 · Design work on the upstream side of the project, involving the large Elk and Antelope field developments in the eastern Papuan Basin, began in July 2022. G968 and No. Gas produced from these fields is proposed to be liquefied by a floating LNG (FLNG) vessel and exported. Gulf LNG Pipeline, LLC . 5 trillion cubic feet of gas and 57 million barrels of condensate on a gross best estimate contingent basis, and will have planned production 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. Due to the lack of infrastructure close to the fields, attendees at the briefing were told, 45 km of new roads and bridges will need to be constructed, as well as a new quay, logistical base and airstrip infrastructure at the project’s Herd Base on the Purari River. Fortescue Future Industries (FFI) is gearing up to start green energy projects in PNG. Dec 8, 2023 · Tagged: Gulf Province, Papua LNG project, TotalEnergies PNG Limited and ExxonMobil Antelope Limited Prioritise cybersecurity amid rising attacks: Raju by Post-Courier Contributor March 28, 2025 March 28, 2025 Aug 12, 2021 · TotalEngeries EP PNG Limited (TEP PNG), the operator of the Papua LNG Project in the Gulf Province of Papua New Guinea (PNG) is offering another round of scholarships to study TVET Programs at Port Moresby Technical College in 2022. The Project will have a projected LNG export volume of 5. 7 million in cash and K14 million in project component. 5 billion in various taxes were paid to the Internal Revenue Commission since Production in 2014. The contribution was presented to the Papua New Guine Mar 25, 2019 · Gulf Province is located on Papua New Guinea’s southern coast. quarter of 2022. This new round of TVET Scholarships is being offered to Grade 12 Graduates from Gulf Province In 2010, Exxon-Mobils subsidiary Esso Highlands started the construction of the PNG LNG (Papua New Guinea Liquefied Natural Gas), a US $19 billion project aiming to produce and export 6. • Large position in the carbonate play in the PNG Eastern Fold Belt with acquisition of InterOil in 2016 • Committed to develop the Elk-Antelope resource as designated downstream operator of the integrated Papua LNG Project • Ongoing commitment to develop PNG’s resources with the P’nyang LNG project Dec 27, 2023 · The three national Parliamentary Members of the Gulf province are expected to have an urgent meeting with the prime minister today to go over their issues that they have raised regarding the Social Mapping and Landowner Identification Study (SMLIS) conducted for the Papua LNG (PLNG) Project. 4% share. Apr 2, 2023 · The company is also working to raise up to $500 million to cover costs of the Papua New Guinea government’s 22. DPE Secretary Mr David Manau while addressing the key stakeholders present at the submission, stated that his department willContinue reading "Papua LNG Project Submits 02 Dec 2021. 1% interest in PRL 15 have now been successfully transferred from InterOil to Total SA. Dec 26, 2024 · “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. 3 billion paid to the Mineral Resources Development Corporation, K0. The people of Gulf and Papua New Guinea deserve to know how these funds are being used by Governor Haiveta’s administration,” he said. 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. 55% stake, has led the project since 2015, with co-ven-turers ExxonMobil (37. James Marape has encouraged major Japanese company JX Nippon Oil & Gas Exploration, which already has a 4. Feb 20, 2025 · The project's PPP contract has been signed. This was announced officially by the Minister of Petroleum and Energy, Hon. PDL 7 was one of a series of upstream PDLs that had been hampered by Nov 15, 2024 · A joint announcement for the completion of the Angore Project in Hela Province was made today by the Minister for Petroleum, Hon. 1 TotalEnergies, which owns a 37. Papua New Guinea GPO Box 118 Port Moresby National Capital District Papua New Guinea Email: pnglngproject@exxonmobil. The remaining 50% includes our subsidiaries in mining and PNG LNG. 6 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. Apr 9, 2024 · Following pre-FEED studies that started in July 2022, the joint venture selected a development concept that includes four electrical LNG trains (e-trains) with total production capacity of 5. This week, Allard M Nooy, President of FFI South-East-Asia-Pacific, met with Prime Minister Marape in Port Moresby to connect the company with the state negotiating team so that they can get a first project off the ground. Gulf Coast have recently begun construction. These include the Kutubu pipeline in the 1990’s and PNG LNG’s onshore export pipeline in the Mr. 2%. Nov 25, 2019 · Papua New Guinea became a significant player in the gas industry in April 2014, when the PNG LNG project, which is headed and operated by ExxonMobil, commenced production. This was voiced by the Gulf LNG Elk-Antelope Bluff Landowners Association. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. 1 billion flowing to Kumul Feb 10, 2021 · 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 Dec 12, 2023 · It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. G969 for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. Kumul Petro- Papua New Guinea Chamber of Resources & Energy Helping Papua New Guinea to Develop its Full Potential Resource dependent economy – in 2022, 87% of export earnings from Mining and Oil and Gas. The last 12 months have been a busy period for the developer of the Papua LNG project, Total PNG. At the centre of this is the PNG LNG project - a 19 billion USD development helmed by ExxonMobil and Oil Search that came online in 2014 to tap PNG’s massive reserves of liquified natural gas (LNG). The province has about 500 kilometres of roads, mainly along the eastern coast and mountains. 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. Mar 14, 2022 · Kumul Petroleum’s managing director, Mr Wapu Sonk said, “This transaction is the culmination of many months of discussions that have taken place with national and international financiers since the NEC gave its initial approval for KPHL to acquire additional equity in the PNG LNG Project in September 2022. This first offshore project will produce out of Gulf province and with the 5% of the product allocated for domestic market use, it will create an industry out of the province as well. In 2021 alone, the State earned record revenues from the Project, with over PGK 2. Open season 2022: Adriatic LNG kicks off the auction for operators interested in importing long-term liquified natural gas in Europe Dec 20, 2024 · “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%. "We are pleased that the rights to hold a 40. The upcoming LNG project will require skilled workforce in place and ready for the construction phase when PNG LNG is an integrated development that is commercialising the gas resources of Papua New Guinea. 9 million tons of natural gas per year over a period of 30 years. Gulf Coast LNG and associated pipeline projects as we work to help satisfy a growing global demand for cleaner, more reliable energy sources,” said Justin Bird, CEO of Sempra Infrastructure. PNG LNG project is an integrated development that includes gas production and processing facilities in the Southern Highlands, Hela, Western, Gulf and Central Provinces of Papua New Guinea. Kerenga Kua, at the Dream 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. The Papua LNG project was one of the main contributors by providing the logistical support, in transporting construction materials to the project site, which is now fully powered by solar. Kumul Petroleum will own 21. Feb 23, 2022 · Subject to a final investment decision by the P’nyang project co-venturers, the ExxonMobil-operated P’nyang project would deliver LNG by constructing new upstream facilities in the Western Province of Papua New Guinea linked to existing infrastructure. The project will extract fossil gas from nine production wells at two new onshore fossil gasfields, Elk and Antelope in the highlands of Gulf Province. “Because the Haynesville formation and the Permian Basin are close to LNG export terminals in Texas and Louisiana, the amount of natural gas produced in these regions May 7, 2024 · Team Papua New Guinea’s (PNG) campaign to the Paris 2024 Olympic Games has been boosted with a funding of K270,000 from ExxonMobil PNG Limited, the operator of the PNG LNG Project at the ExxonMobil Haus, in Port Moresby today (30 May 2024). 5 billion paid 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. The Mining Act in PNG allowed government participation to be involved to have a share of a maximum of 30 percent in natural resources projects; In the case of PNG LNG this was projected as a 19. Dec 27, 2023 · Located in Central Province, with plans to expand to Gulf Province, the projects have been designed to deliver enduring local environmental and social benefits, as well as capacity building, knowledge transfer and awareness to create significant regional and national impacts, in addition to compensating for the footprint of the project. Sep 26, 2022 · The Pasca A offshore gas project in the Gulf of Papua will focus to help transform the PNG energy sector and to boost sustainable growth in the country. 9 million tonnes annually, Papua LNG is a fossil gas project led by TotalEnergies, with co-venturers ExxonMobil and Santos, located in Gulf province in Papua New Guinea. The PNG LNG Project has paid over PGK 14 billion to the State since the start of LNG production. • In South Asia, LNG imports fell by 16% in 2022 but rebounded in 2023 as global spot prices fell. Docket No. This landmark deal promises significant economic and social benefits. In its first year of production, the US$19 billion project produced over 6 million tonnes of LNG and delivered 87 cargoes. Since then exploration activities went on without commercial discoveries until 1986 . P’nyang gas project – Following Papua LNG to ensure long-term energy sector expansion. He gave this reassurance in Parliament (Tuesday Oct 12) when answering a series of questions from North Fly MP Hon. Aug 30, 2022 · Green energy. PNG LNG Project. , the operator, with 33. The 679km pipeline transporting gas from Hides in Hela to Caution Bay outside Port Moresby runs through their land, entitling them to royalty and equity benefits from the PNG LNG Project. Along with its pre-development phase coventurers, ExxonMobil and Santos, TotalEnergies has decided to organize a Papua LNG Project Information Session at the Stanley hotel on Oct 3, 2022 · Photo: The PNG and JX Nippon Oil & Gas Exploration delegations after their meeting in Tokyo. 9 million tonnes of liquefied natural gas each year which we export to four major customers in the Asia region. 1-billion acquisition of a 5% stake in the PNG LNG project from Santos Ltd. The event was Jan 30, 2025 · Left: Health, Safety, Sustainability & Environment Director for TotalEnergies EP PNG Ltd Marie-Alix Dognin and “However, you can be rest assured that all investments have been strategically aimed at preparing our province to capitalise on the opportunities arising from the Papua LNG project. 0 6. Jimmy Maladina, and ExxonMobil PNG Limited Chairperson and Managing Director, Ms. Mar 1, 2014 · 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. OIL AND GAS PROJECTS Oil Fields PNG LNG The PNG LNG Project, which commenced production in May 2014, has proved to be one of the best LNG start-ups anywhere in the world in recent times. James Marape has reassured Papua New Guinea of a better deal from the P’nyang Gas Project in Western than previous projects. origin proximate to PNG LNG facilities, while 25 percent are of regional origin from provinces where PNG LNG operates, and 30 percent originate from other areas of Papua New Guinea. 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. 1 day ago · The Papua LNG project is based on reserves of about 6. Articles and resources May 24, 2023 · 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. Peter Kengemar, Project Director, Ihu Special Economic Zone . 7 million to upstream PNG LNG Project landowners of Petroleum Development License (PDL) 7 in Hela, consisting of K19. 83%) and JX Nippon, a subsidiary of Eneos (2. 5 percent stake in the LNG export plant in Caution Bay following the Oil Search merger, and it agreed earlier this year to amend the terms of sale of its 2. 3. Historic Signing Ceremony The signing ceremony, led by Governor General Sir Bob Dadae and attended by Prime Minister Hon. started in July 2022, and this will now be extended to be ready for construction that could begin as soon ↑ Gulf LNG Liquefaction Project Kinder Morgan, accessed February 25, 2020; ↑ 6. Graduate Management Development Program. 1 Gulf LNG. Apr 12, 2013 · The national government launchedthe Civil Military Relations Concept in Kerema town yesterday. Aug 1, 2022 · Production at the Papua LNG export facility will start at the end of 2027, according to operator TotalEnergies. The projection of equity participation finances in LNG projects is a major issue in the politics surrounding LNG projects. May 1, 2014 · 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. ExxonMobil PNG Limited is a subsidiary of Exxon Mobil Corporation and operator of the PNG LNG Project, an integrated development that includes gas production and processing facilities in the Southern Highlands, Hela, Gulf, Central and Western Provinces. The project initially required an estimated investment of $9. “The lessons learned from PNG LNG have underscored the necessity of securing better business opportunities for our people through strategic investments. 2 billion delivered to the government. Jul 21, 2022 · Photo credit: TotalEnergies 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. Pasca A offshore gas project – Set to contribute to PNG’s LNG portfolio. Feb 3, 2025 · Thanks to an emerging energy industry, the island nation of Papua New Guinea (PNG) has seen rapid and transformative growth over the past decade. 1 billion to Kumul Petroleum Holdings Limited and an estimated K4. James Marape, senior ministers 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 Through its 70% equity interest in Gulf MTP, GULF has the rights to develop and operate the Map Ta Phut Industrial Port Development Project, Phase 3 (Phase 1) (“MTP3”) located in Rayong province. This project is a vast undertaking drawing gas from wells in the highlands, transporting it by pipeline through mountainous and heavily forested terrain to the coast and then, submerged in the Papuan Gulf, to a liquefaction plant at Caution Bay, near Port Moresby (Filer, 2019: see, especially Dec 23, 2023 · The setup of the Lanco was done meticulously, having witnessed what had happened to some that popped up during the PNG LNG project. Apr 19, 2024 · (Reuters) — PetroChina International has lifted a spot cargo of LNG from the PNG LNG project sold by Papua New Guinea's national oil company, the Chinese state oil and gas trader said on Friday. Team Papua New Guinea’s (PNG) campaign to the Paris 2024 Olympic Games has been boosted with a funding of K270,000 from ExxonMobil PNG Limited, the operator of the PNG LNG Project at the ExxonMobil Haus, in Port Moresby today (30 May 2024). 7pc), Australia’s Santos (17. A final investment decision (FID) on the Gulf LNG project pursued by Canadian-registered InterOil in Papua New Guinea (PNG) may come only after the… “These funds are intended to assist Papua LNG landowners in establishing businesses in preparation for the project, in line with Pangu Pati’s support of landowners. 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 Oct 13, 2021 · The aim is for P’nyang to share infrastructure with the PNG LNG project, including its 700 km pipeline and the LNG Plant at Caution Bay near Port Moresby, although the government has been determined to treat P’nyang as a standard-alone project for the purposes of licensing and permitting. In addition to Golden Pass LNG, which started construction in 2019, two more projects on the U. 4% equity, K1. Mar 7, 2023 · 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 “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. 9 million tonnes annually, Sep 21, 2022 · The project, according to Mr. LNG EXPANSION IN PAPUA NEW GUINEA The Papua LNG project has an export capa-city of 5. CP15-521-00 . “Papua LNG will move into pre-Feed in September after the financial stability agreement was signed in February,” he said. The Minister, being a landowner himself, said this is a major achievement for the people of Gulf province. 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. ExxonMobil in 2021 delivered K2. Our landowners are now risk-takers in this significant project, marking a milestone for us. ↑ 7. “At this stage we are firming up numbers, the project could potentially bring in additional jobs in total of 6, 000. S. 5 billion for Papua New Guinea over the eight years of production from 2014 to 2022. gfml ltlj otgq tic nedm fxvge ylxvuk vymdfh fszt vipzpp msmdo qkxagb tjicfkp efp cverh