PNG LNG puts four cargoes up for sale

PNG LNG jetty (Image courtesy of PNG LNG)

The $19 billion ExxonMobil-operated PNG LNG project has reportedly launched a tender to sell four spot cargoes.

The tender, which closes on Wednesday, offers two November-loading cargoes, one in January and one in March, Reuters reported on Tuesday citing trading sources.

ExxonMobil owns 41.6% percent in the LNG project while Oil Search holds a 29 percent interest in PNG LNG, partly located in the Highlands region of Papua New Guinea.

The project includes a gas conditioning plant in Hides and liquefaction and storage facilities near Port Moresby with a capacity of 6.9 million tonnes per year.

The PNG LNG project produced at a record annualized rate of 8.65 mtpa, nearly 25 percent above the plant’s nameplate capacity, during the second quarter of this year, according to Oil Search.

 

LNG World News Staff

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 >