The operator of the multi-billion Kina P-N-G L-N-G project, Exxon Mobil Corporation, has announced the start of production of Liquefied Natural Gas ahead of schedule.
It said, production from the first L-N-G train will increase over the coming weeks, with the first cargo expected to be shipped to Asia markets before mid year. Exxon Mobil said, work on the second train is progressing and L-N-G production from this unit is expected to start in the next several weeks. The project, which is operated by ExxonMobil affiliate ExxonMobil P-N-G Limited, is expected to produce more than nine trillion cubic feet of gas, over an estimated 30 years of operations. President of Exxon Mobil Development Company, Neil Duffin, says the project is located to serve growing Asia markets where L-N-G demand is expected to rise by about 165 percent between 2010 and 2025, to 370-million tonnes per year. Co-venturer, Oil Search’s Managing Director, Peter Botten, said the start of production is excellent news and represents a transformational milestone for both Oil Search and P-N-G. Comments are closed.
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