By : Franyi Sarmiento, Ph.D., Inspenet, July 25, 2022
TotalEnergies announced the decision of the Papua LNG joint venture to launch the first phase of the initial engineering and design (FEED) studies for the upstream production facilities of the Papua LNG project.
At the same time, studies for downstream liquefaction facilities are progressing according to the project schedule, with the goal of launching the integrated FEED in the fourth quarter of 2022. The project is targeting a final investment decision (FID) around the end of 2023, and commissioning in late 2027.
“The start of the FEED upstream studies is another significant step towards the development of the Papua LNG project, which will increase Papua New Guinea’s LNG export capacity and thus contribute to its further development,” said Julien Pouget, Vice President Asia Pacific Senior for Exploration and Production and Renewables at TotalEnergies.
“The Papua LNG project is well positioned to contribute to the growth of LNG supply around the world, especially for customers in Asia looking to decarbonize from coal to gas, in line with our strategy to reduce global greenhouse gas emissions. Pouget added.
The Papua LNG joint venture is committed to developing a landmark project in terms of sustainability, biodiversity and low carbon emissions. Specifically, the project will incorporate a carbon capture and storage scheme for the CO 2 native to the fields, which will be reinjected into the reservoirs.
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