PNG LNG Project ships first LNG cargo
•
First LNG cargo bound for Japan
•
Papua New Guinea becomes a player in the global LNG market after safe Project
startup
• Support
of government, community and co-venturers critical to the Project’s completion,
which was ahead of schedule
“This
announcement is a historic moment for Papua New Guinea,” 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.”
Mr
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. At peak, more than 21,000 people were employed by the project,
including more than 9,000 Papua New Guineans. More than 10.7 billion Kina has
been spent with Papua New Guinea businesses.
Flooding,
minimal pre-existing infrastructure and extremely steep slopes were among
obstacles that were overcome in constructing the project. Pipe had to be
airlifted in some areas because the soil could not support heavy machinery and
lack of infrastructure required construction of supplemental roads,
communication lines and a new airfield.
“This
Project has brought significant economic benefits to our country that will last
for generations to come,” said Papua New Guinea Prime Minister, Hon. Peter
O'Neill.
“Not only will the people of
Papua New Guinea now benefit; their children and grandchildren will continue to
enjoy the benefits and positive effects from this valuable resource development
for many years to come,” said Mr O'Neill.
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.
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