More than 90 PNG LNG cargoes planned this year

ExxonMobil, the operator of the PNG LNG project, expects that more than 90 cargoes will be loaded at the country’s first export plant in 2015.

Since the LNG project commenced production in May last year, 55 LNG cargoes have been lifted and 51 sold, Oil Search, which has a 29 percent stake in the project, said in its earnings report on Thursday.

All long-term LNG contracts have now commenced and the 120-day lenders’ operational completion test for the LNG plant facilities was completed in January, with production significantly above the target rate and no project downtime, the statement said.

The PNG LNG project has a capacity of 6.9 million tonnes per annum and four long-term customers in Asia: Sinopec, Tepco, Osaka Gas and CPC Corporation.

LNG World News Staff; Image: Oil Search

 

 

Share this article

Follow LNG World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >