Oil Search: 101 PNG LNG cargoes shipped in 2015

Oil Search: 101 PNG LNG cargoes shipped in 2015

ExxonMobil-operated US$19 billion PNG LNG project has exported 101 cargoes of liquefied natural gas during 2015.

The PNG LNG project produced at an annualised rate of approximately 7.6 mtpa during the fourth quarter, up from 7.4 mtpa in the third quarter and 10 percent higher than the nameplate capacity of 6.9 mtpa, Oil Search managing director Peter Botten said.

About 80 percent of the cargoes were sold under the long-term contract, Oil Search, that owns a 29 percent stake in the project said in a statement on Wednesday.

He added that despite the present oil weakness, the PNG LNG project co-venturers are looking to pursue the expansion options, through maximising production from the existing trains or adding a third train.

During the quarter, 26,554 billion Btu of LNG were sold, 2 percent lower than sales in the third quarter of 2015. 24 LNG cargoes were sold during the period, compared to 25 cargoes in the third quarter, Oil Search said.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 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 1

Flame 2020

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

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >