Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » France’s Total in Papua LNG deal with PNG’s Kumul

    France’s Total in Papua LNG deal with PNG’s Kumul

    February 18, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp
    ** Headquarters of French oil giant Total SA in Paris.

    18 February 2018, News Wires – French energy giant Total and Papua New Guinea’s Kumul Petroleum recently signed a binding heads of agreement to jointly market their shares of production from the proposed Papua LNG export project.

    Under the deal, the duo will negotiate a shareholders’ agreement for an incorporated joint venture to be set up as the corporate vehicle to commercialize their combined production share of LNG and condensates from Papua LNG, according to a joint statement.

    The JV will engage potential buyers of LNG in the Asia Pacific region for the long-term sale and purchase of their respective entitlements of LNG in the export project, the statement said.

    Papua LNG is a proposed liquefaction and export facility to be located some 25 kilometres north of Port Moresby, the capital of Papua New Guinea.

    The plant would be supplied from the Total-operated Elk and Antelope gas/condensate fields.

    Papua New Guinea already exports the chilled fuel via the ExxonMobil-operated PNG LNG plant near Port Moresby.

    Related News

    Nigeria, Equatorial Guinea advance GoG gas pipeline project with new roadmap

    NNPCL, UTM FLNG seek speedy FID on 1.8m tonnes project

    Mozambique energy minister optimistic on TotalEnergies’ plan to resume LNG project

    E-book
    Resilience Exhibition

    Latest News

    Shell faces legal storm over pollution after N/Delta onshore exit

    June 23, 2025

    HSBC, Goldman Sachs see Brent oil hitting $80-110/b

    June 23, 2025

    Oil falls nearly 4% as Iran’s retaliation focuses on regional US military bases

    June 23, 2025

    Trump tells everyone to keep oil prices down after Iran attacks

    June 23, 2025

    Golar LNG reaches crucial milestone for Greater Tortue Ahmeyim project

    June 23, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.