TotalEnergies Advances Papua LNG Plan With Stake Sale and Marketing JV
TotalEnergies says Papua LNG has met major contractual and commercial milestones toward a Final Investment Decision. With operatorship transferred to enable ExxonMobil to increase its stake, TotalEnergies will sell 9.1% interest to Papua LNG partners, while retaining 20% and its LNG offtake. A marketing joint venture with Kumul Petroleum Holdings will commercialize 2.4 Mtpa, supporting project financing and economic development while aiming to meet international environmental and social standards.
Coverage (13)
- Mozambique LNG pipeline work begins as TotalEnergies targets 2029 first production (businessfront.com)
- Govt to buy 18 LNG cargoes from TotalEnergies over nine months (tbsnews.net)
- ExxonMobil to assume operatorship of Papua LNG from TotalEnergies (ogj.com)
- TotalEnergies Gains 1.5% After Cutting Papua LNG Exposure by One-Third (tradingview.com)
- TotalEnergies Gains 1.5% After Cutting Papua LNG Exposure by One-Third (finance.yahoo.com)
- TotalEnergies to transfer Papua LNG operatorship to ExxonMobil (offshore-technology.com)
- TotalEnergies Cuts Papua LNG Costs To $14 Billion After Project Optimization (tradingview.com)
- TotalEnergies to sell a stake in Papua LNG joint venture to partners (businessday.co.za)
- TotalEnergies Cuts Papua LNG Cost to $14 Billion, Exxon to Become Operator (finance.yahoo.com)
- TotalEnergies to lower stake in Papua LNG, hand operatorship to Exxon (reuters.com)
- Papua New Guinea: TotalEnergies Takes Decisive Steps Towards (totalenergies.com)
- Papua New Guinea: TotalEnergies Takes Decisive Steps Towards (totalenergies.com)
- Papua New Guinea: TotalEnergies Takes Decisive Steps Towards Final Investment Decision on Papua LNG (marketscreener.com)