Joint Statement of the Independent State of Papua New Guinea and TotalEnergies
08 Avril 2024 - 8:26AM
Business Wire
Regulatory News:
James Marape, the Prime Minister of Papua New Guinea and Patrick
Pouyanné, Chairman and CEO of TotalEnergies (Paris:TTE) (LSE:TTE)
(NYSE:TTE), met together to discuss the status of the Papua LNG
project.
On this occasion, Patrick Pouyanné reaffirmed to the Prime
Minister that TotalEnergies, operator of the project, and its
international partners ExxonMobil, Santos, JX Nippon, are fully
committed to Papua LNG.
In particular, he shared the high interest of several LNG buyers
for off-taking LNG from Papua LNG due to its strategic location
close to key Asian markets.
He also informed the Prime Minister that, after receiving first
EPC offers, it appears that the project will need to keep working
with contractors to obtain commercially viable EPC contracts and
requires more work to reach FID.
In that view, the project will review the structure of some
packages and open the competition to an enlarged panel of Asian
contractors. As a consequence, FID of Papua LNG project is now
expected in 2025.
The Prime Minister and Patrick Pouyanné agreed that this slight
delay will not affect the early works planned in Papua New Guinea
in 2024 and that the project will maintain its full support to
local population of Gulf Province. This demonstrates the commitment
of TotalEnergies to the well-being of the people of Papua New
Guinea.
Moreover, Patrick Pouyanné announced that TotalEnergies intends
to drill the first deepwater exploration well on the PPL 576
license in 2025.
***
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
@TotalEnergies l TotalEnergies l TotalEnergies
l TotalEnergies
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may
prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240407146096/en/
TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46
99 l presse@totalenergies.com l @TotalEnergiesPR Investor
Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
TotalEnergies (NYSE:TTE)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
TotalEnergies (NYSE:TTE)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024