An LNG tanker docks at PNG LNG, Caution Bay
Papua LNG set for FID next year
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
The 6mt/yr Papua LNG project appears to remain on track for FID next year, as the developers make progress in lowering the costs that previously stalled their investment decision. Australia’s Santos stated in its latest results that the partners —comprising operator TotalEnergies, ExxonMobil and Japan’s JX Nippon—are working “to find the necessary technical optimisations to lower the cost of the project” and have opened the EPC process “to a larger number of contractors to obtain more commercially viable offers”. “Priority is to complete the rebid phase and progress to target FID in 2025,” confirmed Santos. Wapu Sonk, managing director of NOC Kumul Petroleum, also recently said that Papua LN
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
