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TotalEnergies: FID delayed for Papua LNG project

( - Following a meeting between its CEO Patrick Pouyanné and James Marape, the Prime Minister of Papua New Guinea, TotalEnergies has announced that the FID (final investment decision) for the Papua LNG project is now expected in 2025.

After receiving the first bids, it appears that the project will have to continue working with contractors to obtain commercially viable EPC contracts, and that it is necessary to continue these efforts to be able to take the FID.

With this in mind, the project will review the structure of certain lots and open up the competition to a wider panel of Asian contractors. As a result, the IDF for the Papua LNG project is now expected next year.

This slight delay will not affect the first works planned in Papua New Guinea in 2024. In addition, TotalEnergies intends to drill the first deepwater exploration well on license PPL 576 in 2025.

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