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🇵🇬 Papua New Guinea /Energy & Infrastructure

ExxonMobil to take over Papua LNG from TotalEnergies

From Post-Courier · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • ExxonMobil is set to take over Papua LNG from TotalEnergies.
  • TotalEnergies says the project has reached key contractual and commercial milestones.
  • Those milestones represent progress toward a final investment decision, in cooperation with Papua New Guinea’s authorities and project partners.

ExxonMobil is set to take over the Papua LNG project from TotalEnergies as the development moves closer to a final investment decision.

TotalEnergies said in an official statement that Papua LNG had reached major contractual and commercial milestones. The company described the progress as a decisive step toward the investment decision.

The statement credited close cooperation with the authorities of Papua New Guinea and Papua LNG’s partners for helping achieve the milestones.

Thanks to the close cooperation with the authorities of Papua New Guinea and Papua LNG partners, the following key milestones have now been achieved:

· TotalEnergiesOfficial statement announcing progress toward a final investment decision for Papua LNG.
About this summary

Originally published by Post-Courier. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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