Peer Strategy

LNG Projects Finally Make Progress in Advantaged PNG

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  • Low production costs, proximity to key Asian LNG buyers and large resource potential have kept investment flowing into Papua New Guinea (PNG) despite less favorable fiscal terms than initially expected by operators.
  • Exxon Mobil is slated to be a key player in PNG beyond 2050, with the P’nyang gas field set to backfill its PNG LNG plant.
  • The Papua LNG project is a key plank in TotalEnergies' LNG expansion strategy aiming to sell close to 50 million metric tons per year of LNG by 2025.

The Issue

LNG Projects, LNG Supply, Gas Supply, Carbon Capture (CCS), CO2 Emissions, Corporate Strategy
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