Papua LNG Project
Sector: LNG • Location: Papua New Guinea
Source: The National | Your Number One Daily!
The Papua liquefied natural gas (LNG) project in Papua New Guinea has experienced a surge in costs from US$11 billion in 2019 to about US$14.5 billion currently. The project has faced delays due to government contract reviews and escalating costs, causing contractors to move on or abandon the project. The Petroleum Minister stated that the cost increase is still under negotiation and Cabinet will
- Status
- Under Construction
- Sector
- LNG, Oil and Gas, Natural Gas, Government
- Location
- Papua New Guinea
- Updated
- 22 Jul 2026
- Source
- The National | Your Number One Daily!
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Project Information
Participants
| Not available for this record. |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Papua liquefied natural gas (LNG) project in Papua New Guinea has experienced a surge in costs from US$11 billion in 2019 to about US$14.5 billion currently. The project has faced delays due to government contract reviews and escalating costs, causing contractors to move on or abandon the project. The Petroleum Minister stated that the cost increase is still under negotiation and Cabinet will decide the final amount. |
Original sector | Energy |
Budget |
Location
Country | Papua New Guinea |
Source
Source | The National | Your Number One Daily! |
URL |
More Details
Record type | Project |
Sector | LNG, Oil and Gas, Natural Gas, Government |
Article published date | 2026-03-21 |
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