Exxon Mobil Corporation shipped the first cargo of liquefied natural gas (LNG) from the USD 19B PNG LNG project ahead of schedule.
PNG LNG, operated by ExxonMobil affiliate, ExxonMobil PNG, is expected to produce more than 9 trillion cubic feet (TCF) of gas over its estimated 30 years of operations. The first cargo is bound for LNG customer Tokyo Electric Power Co. (TEPCO) in Japan.
Production from the first train started in April and production from the second train has also started as additional wells came online. “The PNG LNG project exemplifies ExxonMobil’s leadership in project execution, advanced technologies and marketing capabilities”, said Neil W. Duffin, president of ExxonMobil Development Company. “Our demonstrated expertise will enable us to progress other LNG opportunities in our portfolio, including expansion opportunities in Papua New Guinea and to meet growing global demand.”
The PNG LNG project is an integrated development that includes gas production and processing facilities in the Southern Highlands, Hela, Western, Gulf and Central provinces of Papua New Guinea. The four major customers for the project’s output are China Petroleum and Chemical Corp. (Sinopec), Tokyo Electric Power Co. (TEPCO), Osaka Gas Co. and CPC Corp. Taiwan.