PNG LNG ships 100th cargo

The 100th cargo of liquefied natural gas from the US$19 billion PNG LNG project, operated by ExxonMobil PNG Limited, set sail this weekend, just over one year on from the start of export operations.

The 163,000 cbm LNG carrier Methane Spirit, will be transporting the cargo bound for Japan’s Tepco, who also received the first cargo in May 2014.

More than 7 million tonnes of LNG have been exported since the project commenced production in April 2014, according to a PNG LNG statement posted on Monday.

“Since export operations began an LNG carrier has been loaded on average every 3-4 days,” Managing Director of ExxonMobil PNG Limited, Andrew Barry, said.

The LNG project is expected to produce more than 9 trillion cubic feet of gas over the estimated 30 years of operations.

Beside ExxonMobil PNG Limited, which is  a fully-owned unit of ExxonMobil, other co-venturers in the LNG project include Oil Search, Santos, National Petroleum Company of PNG, JX Nippon Oil & Gas Exploration, Mineral Resources Development Company and Petromin PNG Holdings Limited.

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LNG World News Staff; Image: Oil Search