- The project hopes to begin operations by the end of 2027.
- The project will include a carbon capture and storage scheme for the fields’ native CO2.
TotalEnergies, the project’s operator, has announced that the Papua LNG joint venture has decided to begin the first phase of front-end engineering and design (FEED) studies for upstream production facilities.
In the meantime, studies for downstream liquefaction facilities are proceeding by the overall project schedule to launch the integrated FEED in the fourth quarter of 2022. The project hopes to make a final investment decision (FID) by the end of 2023 and begin operations by the end of 2027.
“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 of the Asia Pacific for Exploration & Production and Renewables at TotalEnergies. “The Papua LNG project is well positioned to contribute to growth in LNG supply worldwide, especially for customers in Asia seeking to decarbonise from coal to gas, in line with our strategy to lower global greenhouse gas emissions.”
The Papua LNG joint venture is dedicated to creating a game-changing project regarding sustainability, biodiversity, and low carbon emissions. The project will include a carbon capture and storage scheme for the fields’ native CO2, which will be reinjected into the reservoirs.
TotalEnergies ambition is to increase the share of natural gas in its sales mix to 50% by 2030, reduce the gas value chain’s carbon emissions, eliminate methane emissions, and work with local partners to promote the transition from coal to natural gas.