12 More Banks Withdraw Financing for $15 Billion Papua New Guinea LNG Project
NATURAL GAS
Twelve additional banks have joined the commitment not to finance a $15 billion liquefied natural gas project in Papua New Guinea, previously backed by major banks including Commonwealth Bank and ANZ. The project, led by TotalEnergies with significant stakes from Santos and ExxonMobil, has faced increasing scrutiny over environmental risks. A final investment decision is now expected in late 2026.
Feb 10, 2026, 6:07 PM
