Picture of the day: PNG LNG plant

ExxonMobil’s PNG LNG project started operating at full capacity of 6.9 mtpa in late July.

The plant consists of two trains and according to Oil Search, which owns a 29 percent stake in the US$18.8 billion LNG project, undeveloped gas in the existing portfolio can support at least two additional LNG trains.

The LNG project is a joint venture between ExxonMobil (33.2%), Oil Search (29.0%), National Petroleum Company of PNG (PNG Govt) (16.8%), Santos (13.5%), Nippon Oil (4.7%), MRDC (PNG Landowners) (2.8%).

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