Page 10 - GLNG Week 30 2022
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GLNG AUSTRAL ASIA GLNG
TotalEnergies makes progress
with Papua LNG plan
PROJECTS FRANCE’S TotalEnergies said this week that the project is well positioned to contribute to growth
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 TotalEn-
The company noted that studies for Papua ergies signed an agreement on developing the
LNG’s downstream liquefaction facilities were project with the PNG government in 2019. The
progressing in parallel and that it was aiming to government then sought to revise the deal, seek-
launch an integrated FEED in the fourth quarter ing more favourable terms, and the final deal
of 2022. This comes ahead of a final investment involved minor concessions from TotalEnergies.
decision (FID) targeted for the end of 2023, hav- Papua LNG will use natural gas produced
ing been delayed by the coronavirus (COVID- at the onshore Elk and Antelope fields as feed-
19) pandemic. If the FID and construction now stock for two liquefaction trains with a com-
proceed as planned, production would start at bined capacity of 5.6mn tonnes per year (tpy).
the end of 2027. The trains will be integrated into the existing
“The commencement of upstream FEED PNG LNG facilities in Caution Bay, which are
studies is another significant step towards operated by ExxonMobil – also a shareholder in
developing the Papua LNG project, which will Papua LNG.
increase Papua New Guinea’s LNG export capac- TotalEnergies operates Papua LNG with a
ity and thus contribute to its further develop- 31.1% stake, ExxonMobil owns 28.7%, the PNG
ment,” stated TotalEnergies’ senior vice president government holds 22.5% and Santos has a 17.7%
of Asia-Pacific for exploration and production interest.
and renewables, Julien Pouget. “The Papua LNG
Croatia to boost capacity of LNG
terminal, economy minister says
POLICY CROATIA will take steps to strengthen the “Croatia supports the measures of the com-
capacity of its terminal for liquified natural gas mission and the Croatian government will issue
(LNG) and that of oil pipelines to neighbouring savings guidelines this week,” the statement
countries as part of the EU’s efforts to prepare added.
for a complete halt of supplies from Russian Gaz- The savings will be voluntary for consumers,
prom, Economy Minister Davor Filipovic said as households, public institutions and industries.
quoted in a statement. Meanwhile, Croatia will invest in renewable
Filipovic attended a meeting of the Energy energy sources and will launch activities to boost
Council in Brussels where an agreement has the capacity of LNG terminal and gas pipelines
been reached for a 15% voluntary cut of natural to neighbouring countries to secure a long-term
gas demand during the winter. stability.
P10 www. NEWSBASE .com Week 30 29•July•2022
