• TotalEnergies moved Papua LNG toward a final investment decision, citing major commercial and contracting milestones.
• Project capex cut to about USD 14 billion, driven by roughly USD 4 billion of savings since 2024.
• Operatorship to shift to ExxonMobil to capture synergies with PNG LNG; TotalEnergies to retain a 20% stake.
• TotalEnergies to sell 9.1% to partners; post-transaction ownership: ExxonMobil 34.1%, Santos 21%, Kumul/MRDC 22.5%, ENEOS Xplora 2.4%.
• Gas Agreement amended; LNG marketing JV formed to sell 2.4 mtpa, with TotalEnergies securing 1.5 mtpa for its portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. ID: 202609070224BIZWIRE_USPR_____20260906_BW488108) on September 07, 2026, and is solely responsible for the information contained therein.