AsianOil: Papua LNG FID expected to be delayed until late 2025

The planned Papua LNG project in Papua New Guinea has suffered another delay with joint partner Santos announcing that a final investment decision (FID) on the project is expected to be pushed back until late 2025.

The Australian energy giant made the announcement during a call between its Chief Executive Kevin Gallagher and investors discussing the company’s first-half performance.

It marks the latest setback for the project, which is a joint venture between operator TotalEnergies, ExxonMobil, Santos and Japan’s JX Nippon.

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