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Papua New Guinea: TotalEnergies Takes Decisive Steps Towards Final Investment Decision on Papua LNG

Summary by The AI Journal
PARIS–(BUSINESS WIRE)–TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that Papua LNG has achieved major contractual and commercial milestones, marking decisive steps towards a Final Investment Decision. Thanks to the close cooperation with the authorities of Papua New Guinea and Papua LNG partners, the following key milestones have now been achieved: Completion of the EPC tendering process, with …

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(Teleborsa) - TotalEnergies will sell 9.1% of Papua LNG to project partners, reducing its participation to 20%, and will entrust its operational management to ExxonMobil. Upon completion of the operation, the...

It will also reduce planned capital expenditures to about $14 billion and sell a 9.1% stake to its partners, while retaining 20%.

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Capital.gr broke the news on Monday, September 7, 2026.
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