PNG LNG's First Shipment Leaves for Japan

The first shipment of LNG from ExxonMobil PNG Limited’s $19 billion PNG LNG Project has left Papua New Guinea carrying a cargo bound for Japan for Tokyo Electric Power Co. Inc. (TEPCO), the company said in a statement Moinday.

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 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.

The PNG LNG Project 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.

The PNG LNG Project is operated by ExxonMobil PNG Limited in co-venture with Oil Search Limited, National Petroleum Company of PNG, Santos Limited, JX Nippon Oil & Gas Exploration Corporation, Mineral Resources Development Company (representing landowners) and Petromin PNG Holdings Limited.