TotalEnergies’ Papua LNG advancing as ExxonMobil’s P’nyang talks look up

TotalEnergies’ Papua LNG advancing as ExxonMobil’s P’nyang talks look up

TotalEnergies and its partners are targeting to start front-end engineering and design (FEED) work at the Papua liquefied natural gas (LNG) project, led by the French company, next year. Significantly, ExxonMobil could also be close to cutting a critical deal with the Papua New Guinea (PNG) government that would help expand the development.

Oil Search, a partner in Papua LNG, said during its second quarter results today, that the slimmed-down expansion of the proposed LNG export scheme in PNG will enter the pre-FEED phase later this year with FEED in 2022.

Oil Search acting chief executive Peter Fredricson, who replaced Keiran Wulff last week after Wulff's shock resignation, said that work on the financing, technical, and commercial aspects of the project progressed during the second quarter.