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A meeting took place on 3 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.
After a year of delay because of COVID-19, the Government of PNG and Total as Operator are pleased to announce the remobilisation of the project teams and of other required resources. The objective is to launch the FEED early 2022 and to prepare for final investment decision in 2023. This positive development follows the signature and the reconfirmation of the Papua LNG Gas Agreement in 2019, the signature of the Fiscal Stability Agreement and the award of the License extension in February 2021.
Total plans Papua LNG FID in 2023 May 6, 2021, by Sanja Pekic
French major Total has revitalized its plans for the Papua LNG project, eyeing to launch the FEED in early 2022 and to reach the final investment decision in 2023.
Courtesy of Oil Search
Chairman and CEO of Total
Patrick Pouyanné and a Delegation of Papua New Guinea (PNG) led by the deputy prime minister
Samuel Basil attended the meeting on 3 May to review remobilization and the planning of the Papua LNG Project.
The project was delayed for a year because of Covid-19.
The objective is to launch the FEED in early 2022 and to prepare for final investment decision in 2023.
New urgency at Papua LNG as violence hits African project
May 6, 2021 â 1.40pm
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Totalâs Papua LNG project has gained a new sense of urgency as a project independent from the stalled expansion of PNG LNG following a high-level meeting in Paris between the CEO of the French major and a senior Papua New Guinea government delegation.
The decision to âremobiliseâ the $16 billion Papua LNG venture, in which ASX-listed Oil Search has a stake, comes a week after Total was forced to suspend development of its $US20 billion ($25.8 billion) LNG project in Mozambique due to violence and security risks.
After a year of delay because of Covid-19, the Government of PNG and Total as Operator have announced the remobilization of the project teams and of other required resources for the Papua LNG project. The objective is to launch the FEED early 2022 and to prepare for final investment decision in 2023.