March 6, 2023 – Port Moresby, Papua New Guinea

TotalEnergies, operator of the Project, announces the launch of the fully integrated Front-End Engineering and Design (FEED) for the Papua LNG project.

Following pre-FEED studies, in order to maximize synergies and minimize the costs, Papua LNG partners have selected a concept including four electrical LNG trains (e-trains) with a total capacity of 4 Mt/y. These trains will be built within the existing liquefaction plant of PNG LNG in Caution Bay. Papua LNG has also secured the use of 2 Mt/y of additional liquefaction capacity in the existing trains of PNG LNG. By selecting e-trains and re-injecting the native CO₂ produced into the reservoirs, Papua LNG demonstrates its commitment to the reduction of the carbon intensity of the Project. The construction and operation of the electrical liquefaction trains will be delegated to ExxonMobil, operator of the PNG LNG project since 2014.

From Left: Hon. Kerenga Kua Petroleum and Energy Minister, Hon. James Marape, Prime Minister of Papua New Guine, Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies, Jean-Marc Norey, Managing Director at TotalEnergies PNG, taking a picture after the announcement of FEED and launch of the Papua LNG Logo.Hon. James Marape, Prime Minister of Papua New Guine shaking hands with Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies.Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies delivering his speech.Partners and State Ministers of Papua New Guinea applauding the unveiling of the Papua LNG logo.Jean-Marc Norey, Managing Director at TotalEnergies PNG shakes hands with Hon. James Marape, Prime Minister of Papua New Guine, while Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies looks on.A skit being performed during the occasion. Symbolising the significance of the Papua LNG logo.

In the framework of this integration between Papua LNG and PNG LNG, TotalEnergies is pleased to also announce the signature of a head of agreement with JX Nippon Oil and Gas Exploration in the view to sell a 2% interest (post Kumul back-in right) in Papua LNG. JX Nippon is an affiliate of ENEOS and already holds a 4.7% interest in PNG LNG.

TotalEnergies holds 40.1% interest in Papua LNG, along with its joint venture partners ExxonMobil (37.1%) and Santos (22.8%). The State of Papua New Guinea may exercise a back-in right of up to 22.5% interest at the Final Investment Decision planned by end 2023-early 2024. Production start-up is scheduled four years later.

“The integrated FEED entry is a significant step in the development of the Papua LNG project. TotalEnergies and its partners are working closely with the Government, the communities, and the local economic network to ensure the Papua LNG Project serves as a landmark on the societal and environmental front for the LNG industry”, said

“The integrated FEED entry is a significant step in the development of the Papua LNG project. TotalEnergies and its partners are working closely with the Government, the communities, and the local economic network to ensure the Papua LNG Project serves as a landmark on the societal and environmental front for the LNG industry.”

“This project, strongly supported by the Papua New Guinea State, will contribute to the security of LNG supply, especially for customers in Asia, where LNG can substitute coal for power generation and participate in a substantial reduction of CO₂ emissions in the region.”

Julien Pouget, Senior Vice President Asia Pacific for Exploration & Production and Renewables at TotalEnergies

“The Papua LNG project is a project of national significance for Papua New Guinea and will stimulate business confidence and provide a significant impetus for our economy.”

“The Marape-Rosso government places high priority on the delivery of Papua LNG project, we have an improved deal for our people, and improved contribution of our national contractors and work force. The government strongly supports the Papua LNG project and encourages all stakeholders including Project partners to work diligently to deliver an “on time-on budget” project.”

Honorable Kerenga Kua, Minister of Petroleum and Energy of Papua New Guinea

Papua LNG to set one of the highest standards in the industry

During the study phase and the construction of the Project, TotalEnergies and its partners are working closely with an independent panel of experts, highly recognized for their contribution on environment and socio-economic development, to make this project best-in-class in terms of sustainability. These experts are supporting the development of the Project and formulate recommendations that can be found on the Papua LNG website.

The Papua LNG project is committed to building long-term constructive relationships with its stakeholders and providing benefits for the country.

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