The Papua LNG joint venture is to launch the first phase of front end engineering and design (FEED) studies for the project's upstream production facilities, revealed operator TotalEnergies.
In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule. The objective is to launch the integrated FEED in the fourth quarter of this year.
Papua LNG is targeting a final investment decision (FID) around the end of 2023 and a start-up at the end of 2027.
“The commencement of upstream FEED studies is another significant step towards developing the Papua LNG project, which will increase Papua New Guinea’s LNG export capacity and thus contribute to its further development," said Julien Pouget, TotalEnergies’ Senior Vice President Asia Pacific for Exploration & Production and Renewables. "The Papua LNG project is well positioned to contribute to growth in LNG supply worldwide, especially for customers in Asia seeking to de-carbonise from coal to gas, in line with our strategy to lower global greenhouse gas emissions.”
TotalEnergies said that the Papua LNG joint venture is committed to developing a landmark project in terms of sustainability, bio-diversity, and low carbon emissions.
Specifically, the project will incorporate a carbon capture and storage scheme for the fields' native CO2, which will be re-injected into the reservoirs.