TotalEnergies: Papua LNG cost falls toward $14bn as an operatorship transfer is proposed
TotalEnergies announced a revised framework for Papua LNG on 7 September 2026. Main terms The estimated project cost has fallen by almost $4bn since 2024, to approximately $14bn, following design changes and competitive tendering. Engineering and construction recommendations are ready for partner approval. The proposed structure transfers operatorship to ExxonMobil. TotalEnergies would reduce its interest by 9.1 percentage points after the state's participation, retaining 20%. After completion,
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