Png Lng Terminal

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For More LNG News

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Summary Information

• Ownership:
  • ExxonMobil 33.20%(Operator)
  • Oil Search 29.00%
  • Santos 13.53%
  • Merlin (Nippon Oil/Marubeni) 4.68%
  • PNG Government, Land Owner (19.58%)
• Website: http://www.pnglng.com/
• Location: Port Moresby Papua New Guinea
• Capacity: 6.3 million tonnes per annum
• Status: Planning,

Ongoing Projects/Project Status

• Project Planning process completed, March 2010
• Major Contractors:
  • Chiyoda Corporation and JGC Corporation
  • Clough Curtain Joint Venture (CCJV) has received work orders worth AU$209m associated with the PNG LNG Upstream Infrastructure contract
  • GE will provide gas turbines and centrifugal compressors
• First LNG sales are targeted for 2014

Customers / Suppliers

• Customers
  • CPC Corporation, Taiwan, has a contract to purchase 1.2 million tons of LNG annually
  • Osaka Gas Company Limited
  • The Tokyo Electric Power Company, Inc.
  • Unipec Asia Company Limited, (a subsidiary of China Petroleum and Chemical Corporation (Sinopec). )
• Suppliers
  • The Project proposes to commercialize natural gas from onshore gas fields as well as associated gas from crude oil fields. The gas will be transported via a 750km pipeline to an area near Port Moresby where LNG liquefaction facilities are to be constructed.

History

• 2008 - Nippon acquires the shares of AGL Energy
• 2009 - The final investment decision on PNG LNG Project
• 2011 - Marubeni became a shareholder

Other Information

• The PNG LNG Project will produce associated liquids which will be exported via the Kumul Marine terminal
• JBIC supported the project with a loan of 1.8 billion US dollars

Relevant Links

• Project Home Page
• Project Information from Oil Search
• Project awards contracts
• Papua New Guinea LNG Project Clears Final Conditions to Proceed
• CPC, PNG LNG Purchase Agreement Signed
• The final investment decision on PNG LNG Project
• Acquisition of LNG Project and Oil Field Equity in Papua New Guinea
• Clough Curtain JV awarded $209m Work Order for PNG LNG Project
• PNG LNG Project and CPC Finalise Sale and Purchase Agreement
• Clough AMEC awarded Oil Search Kumul Marine Terminal Contract
• Osaka Gas in agreement to purchase LNG from Papua New Guinea
• GE Oil & Gas Awarded Contracts To Supply Papua New Guinea LNG
• Acquisition of Interests of the LNG Project and Oil and Gas Fields in Papua New Guinea
• PNG LNG project update
• Project Finance for LNG Project in Papua New Guinea

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