Papua LNG : appel à ne pas financer le projet de TotalEnergies en Papouasie Nouvelle Guinée

A coalition of 50 civil society organisations is urging financial institutions to refuse funding for the Papua LNG project in Papua New Guinea. The group argues the project is incompatible with the 1.5°C warming limit, citing estimated emissions of 220 million tonnes of CO2 equivalent and risks of stranded assets due to projected peaks in global gas demand by 2030. The statement also highlights potential human rights violations, lack of transparent community consultation, and the existence of more affordable renewable energy alternatives for the country.

• The Papua LNG project is deemed incompatible with the IEA's Net Zero by 2050 scenario, which states that no new oil or gas production projects or liquefaction terminals are needed to meet global energy needs. The project's infrastructure includes 9 offshore wells, a gas processing plant, 4 electric liquefaction trains, and a 320 km pipeline.
• Total emissions for the Papua LNG project are estimated at 220 million tonnes of CO2 equivalent (MTCO2e), which the authors compare to the annual emissions of the entire population of Bangladesh (169 million people).
• The project faces significant financial risks, including the possibility of becoming a stranded asset. It is expected to begin operations in late 2027 or 2028, coinciding with a projected peak in global gas demand before 2030 and an increase in liquefaction capacities in 2026 and 2027. Additionally, no long-term sale and purchase agreements have been made public.
• The project is criticized for lacking transparent consultations to ensure free, prior, and informed consent. A council of chiefs representing 600 clans denounced the process in September, and landowners reportedly closed the Purari river for two weeks to disrupt the transport of materials to the site.
• Papua New Guinea does not require the project for its own energy transition, as 95% of production is intended for export. The document asserts that the government has identified renewable energy projects that could increase energy access for a total cost estimated at less than 100 times the budget of the Papua LNG project.

APA

Martin, L. (2023). Papua LNG : appel à ne pas financer le projet de TotalEnergies en Papouasie Nouvelle Guinée. Reclaim Finance. https://reclaimfinance.org/site/2023/12/13/papua-lng-appel-a-ne-pas-financer-le-projet-de-totalenergies-en-papouasie-nouvelle-guinee/

Chicago

Martin, Léo. Papua LNG : appel à ne pas financer le projet de TotalEnergies en Papouasie Nouvelle Guinée. Reclaim Finance, 2023. https://reclaimfinance.org/site/2023/12/13/papua-lng-appel-a-ne-pas-financer-le-projet-de-totalenergies-en-papouasie-nouvelle-guinee/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Papua LNG : appel à ne pas financer le projet de TotalEnergies en Papouasie Nouvelle Guinée |publisher=Reclaim Finance |date=13 December 2023 |url=https://reclaimfinance.org/site/2023/12/13/papua-lng-appel-a-ne-pas-financer-le-projet-de-totalenergies-en-papouasie-nouvelle-guinee/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023papua, author = {Martin, Léo}, title = {{Papua LNG : appel à ne pas financer le projet de TotalEnergies en Papouasie Nouvelle Guinée}}, publisher = {Reclaim Finance}, year = {2023}, month = dec, url = {https://reclaimfinance.org/site/2023/12/13/papua-lng-appel-a-ne-pas-financer-le-projet-de-totalenergies-en-papouasie-nouvelle-guinee/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }