PNG LNG to Quadruple Santos’ Production
PNG LNG will quadruple Santos’ LNG production once the project reaches full output, Santos Managing Director David Knox said on Monday after the first shipment of LNG from the USD 19 billion LNG project left Papua New Guinea.
“A key part of Santos’ growth strategy is the successful delivery of our transformational LNG portfolio. Santos is well and truly a key player in the LNG market and today’s announcement only strengthens our position as a major and competitive LNG supplier to Asia,” Knox said.
“First cargo from PNG LNG is not only a significant milestone for Santos, but also for the operator ExxonMobil and Papua New Guinea. This is PNG’s largest resource project to date and has taken over 191 million work hours to complete – an incredible effort by all,” he added.
Santos has a 13.5% interest in the PNG LNG project.