Pasca FLNG Terminal

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Pasca FLNG Terminal is a proposed LNG export terminal in Papua New Guinea.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Pasca FLNG Terminal	Gulf of Papua, Papua New Guinea	-8.746641, 144.82941 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Pasca FLNG Terminal	export	proposed	0.75 mtpa	0.75 mtpa	True	Pasca Oil and Gas Field (Papua New Guinea)

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Pasca FLNG Terminal	export	US$800,000,000	US$800,000,000

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Pasca FLNG Terminal	export	proposed	2019	2026 (Pre-FID)	–	2031	–

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Pasca FLNG Terminal	export	proposed	Hevehe Petroleum Ltd [50%]; Twinza Oil Ltd [50%]	Mineral Resources Development Company Ltd [50.0%]; Twinza Oil Ltd [50.0%]	Twinza Oil

Background

In 2017, after the successful flow test of the Pasca A-4 well, Australian company Twinza outlined a plan for field development that included an FLNG or a pipeline to shore as a possible phase two options for exporting gas.

In the first half of 2019, Twinza undertook concept selection work for the LNG export phase of the project, updating the field development plan to include this work.

In September 2019, the government allowed the project to move towards development, stating that the project would include "commercialization of the gas through floating LNG" as the second phase.

In July 2020, Twinza started negotiations with the Papua New Guinea government over fiscal terms for the gas development.

In January 2021, Twinza stated it was aiming for an FID in 2022, with the aim of first production in 2025. It described the LNG phase of the project as involving "a floating liquefaction storage and offtake vessel based on continuing residual gas production plus gas from the re-injection well converted into a producer by reversing the flow."

In March 2023, a 35% increase in the Pasca A resource was assessed.

As of December 2023, the company was aiming to take a FID on developing the Pasca A gas and condensate field during January-March 2025. The second phase FLNG terminal, which would cost US$8 million was expected to produce first gas in 2030.

In May 2024, state-owned Mineral resources Development Company Limited (MRDC) and Twinza executed an agreement for MRDC to take up to 50% participating interest in the Pasca A development project. The FLNG was planned to have a capacity of 0.75 mtpa, with the ability to process gas from other fields if necessary.

In December 2024, the Pasca Gas Agreement was formally signed, providing a path for the Petroleum Development License to be awarded following the declaration of FID. Although the agreement formally states that MRDC can take up to 50% interest, the Papua New Guinea government was expected to receive close to 70% of the project's value owing to taxes, royalties, levies, and equity participation.

In January 2025, Twinza commenced FEED on the project. FID was anticipated for mid-2026.

In February 2025, the entire project was valued at US$1.5 billion. The first phase was expected by 2029, with the second phase (the FLNG terminal) expected by 2032.

Ownership

The gas agreement, signed between Twinza and the Government of Papua New Guinea in December 2024, set in motion the acquisition of up to a 50% interest in Pasca A by the state-owned Mineral Resources Development Company (MRDC) through a special purpose entity, Hevehe Petroleum Limited, which made its first payment on the day that the deal was signed. Hevehe will pay USD 160 million in stages for a 50% stake in the project, according to a May 2024 deal between the and Twinza.

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Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.