no financing issues for Papua LNGTHE Papua LNG project is on track with no issues related to financing capabilities, says TotalEnergies E&P PNG managing director Arnaud Berthet.
With first gas anticipated for the end of 2029 and beginning of 2030, Mr Berthet said there are currently a number of banks and export creditors that are willing to finance the project with Final Investment Decision (FID) expected next year.
Giving a project update, he said TotaEnergies is now working on confirming LNG customers and is finalizing sale and purchase agreements.
It is understood, the company will also relaunch a call for tender for EPC contractors to submit more viable offers.
We have more buyers than gas actually so we have competition from the buyers that will allow us to have best price from the, and we are also finalizing sale and purchase agreements with these potential buyers. Competition is in our favor.
No financing issues for Papua LNG - Post Courier