May 26:
The first shipment from the PNG LNG project has left Papua New Guinea carrying a cargo bound for Japan for Tokyo Electric Power Co. Inc.
The first shipment from the PNG LNG project has left Papua New Guinea carrying a cargo bound for Japan for Tokyo Electric Power Co. Inc.
“This announcement is a historic moment for Papua New Guinea (PNG),” ExxonMobil PNG Limited Managing Director Peter Graham said. “This is the country’s largest resource project and it has taken the effort of many thousands of people to bring it to fruition. With the support of government, our co-venturers and the local community, we are proud to celebrate the safe completion and first cargo from the PNG LNG Project.”
Graham said the project startup positions Papua New Guinea as a resource-rich nation uniquely placed to deliver natural gas to meet the growing demand of Asia markets over the long term.
“Revenue from the PNG LNG Project will support Papua New Guinea’s continued economic and social development,” he said. “The PNG LNG Project demonstrates to the world what Papua New Guinea is capable of delivering.”
Production from the first train started in April, and production from the second train has also started as additional wells came online.
Project construction began in 2010, and took more than 191 million work hours to complete. 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., Tokyo Electric Power Co. Inc., Osaka Gas Co. Ltd., and CPC Corp. Taiwan.
Source:http://oilonline.com/industry-news/midstream/png-lng-ships-first-cargo/?
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