Removes reference to current capacity in fourth paragraph
TotalEnergies plans to include carbon capture and storage (CCS) with its 5.3mn t/yr Papua LNG in Papua New Guinea (PNG), as part of the firm's efforts to reach a net zero greenhouse gas emissions target by 2050.
TotalEnergies plans to make a final investment decision on Papua LNG by the end of next year.
"We plan to have CCS from day one for Papua LNG in order to reduce our scope one and two emissions," TotalEnergies senior vice-president Asia Pacific exploration, production and renewables Julien Pouget told delegates at the 16th Papua New Guinea mining and petroleum investment conference in Sydney.
TotalEnergies projects to be operating CCS with nameplate capacity of between 50mn and 100mn t/yr by 2050, Pouget said.
TotalEnergies is the operator of Papua LNG, which when it produces its first gas in either late 2027 or early 2028 will be PNG's second LNG production facility after the ExxonMobil-led 6.9mn t/yr PNG LNG. The venture partners earlier this year started the initial phase of engineering and design studies for the project's upstream production facilities.
Papua LNG will extract gas feedstock from the onshore Elk and Antelope fields. If the project is sanctioned the PNG state will have the right to have a 22.5pc stake in the venture, leaving TotalEnergies with 31.1pc, ExxonMobil with 28.3pc and Australian independent Santos with 17.7pc and the remaining held by local landowners.
