PNG LNG Project Shipped 24 Cargoes in First Quarter

PNG LNG project shipped 24 cargoes during the first quarter, Santos said in its first quarter activities report released last week.

Santos, which is a stake holder in the project, added that gross gas production for the first quarter was 103.5 PJ while gross condensate production for the quarter was 2.5 mmbbls.

The project is expected to load more than 90 cargoes in 2015, Oil Search, a partner in the ExxonMobil led project said earlier this year.

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. More than 700 kilometres of pipeline connect the facilities, which include a gas conditioning plant in Hides, and liquefaction and storage facilities near Port Moresby with project capacity of 6.9 million tonnes of LNG per year.

The project is expected to produce more than 9 trillion cubic feet of gas over the estimated 30 years of operations. It will provide a long-term supply of LNG to four major customers in the Asia region including China Petroleum and Chemical Corp. (Sinopec), Tokyo Electric Power Co. Inc. (TEPCO), Osaka Gas Co. Ltd., and CPC Corp. Taiwan.