TotalEnergies' Papua LNG project targets first gas production in late 2029, with FID expected in 2023 and financing through commercial banks and export credit agencies.
TotalEnergies' Papua LNG project is progressing well, with a target first gas production in late 2029. FID is expected next year, and the company is focusing on confirming LNG customers, finalizing sale and purchase agreements, and relaunching an EPC contractor call for tender. TotalEnergies aims to finance the project through commercial banks and export credit agencies, with various banks and agencies from Americas, Asia, and Japan expressing interest.
June 12, 2024
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