Papua LNG Project
Sector: LNG • Location: Papua New Guinea
Source: Finimize
The Papua LNG project in Papua New Guinea, led by TotalEnergies, Santos, and Exxon Mobil, is facing funding difficulties after Intesa Sanpaolo and the Asian Development Bank withdrew their financing due to environmental concerns. The project's costs have escalated significantly, and it is now on hold as it seeks alternative funding sources.
- Status
- Failure
- Sector
- LNG, Natural Gas
- Location
- Papua New Guinea
- Updated
- 22 Jul 2026
- Source
- Finimize
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Project Information
Participants
| Not available for this record. |
Status
Original status | On Hold |
Taiyo status | Failure |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Papua LNG project in Papua New Guinea, led by TotalEnergies, Santos, and Exxon Mobil, is facing funding difficulties after Intesa Sanpaolo and the Asian Development Bank withdrew their financing due to environmental concerns. The project's costs have escalated significantly, and it is now on hold as it seeks alternative funding sources. |
Original sector | Energy |
Budget |
Location
Country | Papua New Guinea |
Source
Source | Finimize |
URL |
More Details
Record type | Project |
Sector | LNG, Natural Gas |
Article published date | 2025-02-28 |
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