Page 14 - AsianOil Week 29 2022

AsianOil OCEANIA AsianOil

TotalEnergies makes progress

with Papua LNG plan

PROJECTS & FRANCE’S TotalEnergies said this week that the project is well positioned to contribute to growth
COMPANIES Papua LNG joint venture in Papua New Guinea in LNG supply worldwide, especially for cus-
(PNG) had decided to launch the first phase tomers in Asia seeking to decarbonise from coal
of front-end engineering and design (FEED) to gas, in line with our strategy to lower global
studies for the project’s upstream production greenhouse gas [GHG] emissions.”
facilities. Progress on Papua LNG comes after
The company noted that studies for Papua TotalEnergies signed an agreement on devel-
LNG’s downstream liquefaction facilities were oping the project with the PNG government
progressing in parallel and that it was aiming to in 2019. The government then sought to revise
launch an integrated FEED in the fourth quarter the deal, seeking more favourable terms, and
The Papua LNG trains of 2022. This comes ahead of a final investment the final deal involved minor concessions from
will be integrated into decision (FID) targeted for the end of 2023, hav- TotalEnergies.
the existing PNG LNG ing been delayed by the coronavirus (COVID- Papua LNG will use natural gas produced
facilities in Caution Bay. 19) pandemic. If the FID and construction now at the onshore Elk and Antelope fields as feed-
proceed as planned, production would start at stock for two liquefaction trains with a com-
the end of 2027. bined capacity of 5.6mn tonnes per year (tpy).
“The commencement of upstream FEED The trains will be integrated into the existing
studies is another significant step towards PNG LNG facilities in Caution Bay, which are
developing the Papua LNG project, which will operated by ExxonMobil – also a shareholder in
increase Papua New Guinea’s LNG export capac- Papua LNG.
ity and thus contribute to its further develop- TotalEnergies operates Papua LNG with
ment,” stated TotalEnergies’ senior vice president a 31.1% stake, ExxonMobil owns 28.7%, the
of Asia-Pacific for exploration and production PNG government holds 22.5% and Santos has
and renewables, Julien Pouget. “The Papua LNG a 17.7% interest.™

NEWS IN BRIEF

SOUTHEAST ASIA compliance with the European sanctions put As TotalEnergies definitively withdraws
in place in February 2022. from Myanmar, our Company repeats its
TotalEnergies has continued to act as a responsible operator condemnation of the abuses and human
Since January 2022, TotalEnergies has
rights violations taking place in this country
definitively withdrawn from and has undertaken due diligence to ensure and reaffirms its support to the people of
its withdrawal in a responsible manner
Myanmar and its hope for a swift return to
Myanmar towards its stakeholders in Myanmar, peace and rule of law.
including its employees as well as the long-
TOTALENERGIES, July 20, 2022
On January 21, 2022, TotalEnergies standing supported local communities. As
announced its decision to withdraw from such, TotalEnergies worked closely with
the Yadana field and from gas transportation PTTEP, Thailand’s national company, which OCEANIA
company MGTC in Myanmar, both as was appointed as the new operator by the
shareholder and as operator. In a context of project partners, to guarantee the continuity Woodside – 2022
continuing deterioration of the human rights and safety of production at the Yadana gas
situation in Myanmar, this decision resulted field while ensuring an orderly transfer of production guidance
from the assessment that TotalEnergies operations.
was no longer able to make a sufficiently All our employees in Myanmar were clarification
positive contribution in the country, and offered employment with the new operator,
was not able to meet the expectations of under the same job and salary conditions, Woodside provides the following information
stakeholders who were asking to stop the thus securing their professional future. in relation to its Second Quarter 2022 Report,
revenues going to the Burmese state through In addition, a complementary support changes to conversion factors, and the impact
the state-owned company MOGE from agreement, through a contribution to a on reported production and full-year 2022
the Yadana field production. In accordance dedicated fund, was also set up between production guidance.
with the contractual 6-month notice period, TotalEnergies and PTTEP to continue the Woodside confirms that there is no change
this withdrawal becomes effective on this historic economic development program with to the physical product volumes underpinning
20 July 2022. This withdrawal was made in local communities in the MGTC pipeline area. the full-year 2022 production guidance issued

P14 www. NEWSBASE .com Week 29 22•July•2022