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    Reuters: Total-led LNG project in Papua New Guinea targets first gas in 2021

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Summary

First shipments from a new liquefied natural gas (LNG) project in Papua New Guinea operated by French oil major Total SA is expected in 2021, a top executive at a partner in the project told Reuters on Wednesday.

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Reuters: Total-led LNG project in Papua New Guinea targets first gas in 2021

First shipments from a new liquefied natural gas (LNG) project in Papua New Guinea operated by French oil major Total SA is expected in 2021, a top executive at a partner in the project told Reuters on Wednesday.

Total and its partners InterOil and Oil Search plan to begin marketing a total of 6.8 million tonnes of LNG per year from the project mainly to buyers in China and Japan by the end of this year, said Keli Taureka, executive vice president of InterOil, in an interview.

The project will become the Southeast Asian country's second, after Exxon Mobil Corp in May last year began exports from its $19 billion PNG LNG project.

The new project, drawing gas from Papua New Guinea's biggest undeveloped gas deposit, the Elk and Antelope fields, hopes to take advantage of many LNG contracts expiring in North Asia around that time, Taureka said, adding he expected Chinese demand to double. MORE

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