French energy group Total said it had agreed with the Papua New Guinea government to proceed with an LNG project, which had been delayed due to the pandemic, in the country with a final investment decision due in 2023.
Total added in a statement on May 5 that it would remobilize teams involved in the project.
“I am honored to welcome the Deputy Prime Minister of Papua New Guinea in our head offices in Paris to review the Papua LNG implementation plan. This is indeed a very strong signal of the dedication of the PNG government to the success of this key project,” Total Chairman and CEO Patrick Pouyanne said.
Total and its partners Exxon Mobil Corp. and Oil Search Ltd. had initially planned to develop Papua LNG in tandem with an expansion of Exxon’s PNG LNG in a $13 billion project adding three new production units at the PNG LNG plant, to help save billions of dollars.
However, Exxon has not agreed to terms sought by the Papua New Guinea government for the P’nyang gas development that was going to help feed the expansion, as Papua New Guinea Prime Minister James Marape pushed for bigger benefits for the country from the deal.
Instead, Total’s Papua LNG project will go ahead with two new production units to be built at the PNG LNG site, fed by the Elk Antelope gas fields, Marape said in February.
API has published a new edition for the measurement of LNG shipments aboard marine gas carriers, Manual of Petroleum Measurement Standards (MPMS) Chapter 17.10.1/ISO 10976:2015, which includes updated requirements to enhance the reliability, accuracy and accountability of global LNG shipments.
As part of the design, Tellurian is also proposing to deploy technology, which it said will reduce the pipeline’s CO₂ emissions by more than 99%.
Schlumberger’s net-zero carbon emissions ambition will also address its customer emissions, which account for 75% of the energy service company’s baseline greenhouse-gas footprint.