TotalEnergies launches Papua LNG FEED studies
TotalEnergies on July 20 announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities.
In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is to launch the integrated FEED in the fourth quarter of 2022, it said. The project is targeting a final investment decision around the end of 2023, and a start-up at the end of 2027.
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"The Papua LNG project is well positioned to contribute to growth in LNG supply worldwide, especially for customers in Asia seeking to decarbonize from coal to gas, in line with our strategy to lower global greenhouse gas emissions,” said Julien Pouget, senior vice president Asia Pacific for exploration & production and renewables at TotalEnergies.
TotalEnergies is developing the two train 5.6mn metric tons/year Papua LNG project with ExxonMobil and Oil Search, which was acquired by Australia’s Santos last year.