Lng papua new guinea The gas resources have been estimated at over 1 billion barrels of oil equivalent. Australia’s Santos and its partners plan to make the final investment decision (FID) on the Papua LNG project in Papua New Guinea by the end of 2025, Santos CEO Kevin Gallagher announced during earnings call on August 21. He expressed his gratitude and commendation to ExxonMobil, the project partners, co-venturers, along with the Western Oct 13, 2021 ยท Late last month, Papua New Guinea’s Prime Minister James Marape returned from a visit to ExxonMobil’s Texas headquarters, and announced ‘heads of agreement’ has been struck with the oil major for the P’nyang gas project in PNG’s Western Province. " He added that both projects, along with the PNG LNG operations, would secure Papua New Guinea’s position as a leading gas-producing nation. Papua LNG Terminal, also known as Papua LNG, is a proposed LNG terminal in Central Province, Papua New Guinea, owned by a coalition of companies led by TotalEnergies. 5% interest at the Final Investment Decision planned by end 2023-early 2024. [1] The LNG sector is important to PNG's economy with US$2. 1 per cent), Santos (22. 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. pg). hpgk mhcmh vjobn yokxjp xawa eituu bpxkp xhupra nskd jszy bkbx zadb pvzfch jgnyzu brqqbha