PNG LNG cargo up for grabs

ExxonMobil’s PNG LNG Project in Papua New Guinea has launched a tender to sell four cargoes between November and March 2018.

According to Reuters, the tender closes on Wednesday and offers two November-loading cargoes, one in January 2018 and one in March 2018.

The PNG LNG Project involves a two-train, 6.6 MMt/a LNG processing facility, envisaging the integrated development of the Hides, Angore and Juha gas fields, as well as associated gas from the Kutubu, Agogo, Gobe and Moran oil fields.

Gas is transported to the LNG plant near Port Moresby through approximately 850 km of large diameter pipeline.

First LNG was shipped in June 2014.

Joint venture participants include ExxonMobil subsidiary Esso Highlands as operator (33.2 per cent), Oil Search (29.0 per cent), PNG Government (16.6 per cent), Santos (13.5 per cent), Nippon Oil (4.7 per cent), Mineral Resources Development Company (2.8 per cent) and Petromin PNG Holdings Limited (0.2 per cent).

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