Xpanenergy ag Papua New Guinea

Is Papua New Guinea a reliable LNG supplier?

Through the PNG LNG Project, Papua New Guinea has demonstrated the ability to deliver reliable supply to customers, Clarke said. “When the first shipment of Papua New Guinea’s LNG set sail on the ‘Spirit of Hela’ to Japan in 2014, and PNG entered an esteemed club of LNG exporting nations, no one could have foretold what the future would bring.

How does ExxonMobil operate PNG LNG?

ExxonMobil PNG Limited operates PNG LNG on behalf of five co-venture partners. Our facilities are connected by over 700 kilometres of onshore and offshore pipeline and include a gas conditioning plant in Hides and a liquefaction and storage facility near Port Moresby.

Is Papua New Guinea ready for LNG?

“Papua New Guinea is truly well-positioned for the future -- one where LNG will have an even larger presence in the global energy mix,” said Mr. Clarke.

Will ExxonMobil invest in PNG LNG?

ExxonMobil and its co-venturers’ investments in the country continue today, with multiple works currently underway to bring new volumes online and further strengthen PNG LNG’s production levels, Clarke said. “We are also pleased to announce that the P’nyang LNG co-venturers are currently progressing its concept evaluation phase.

How has the PNG LNG Project impacted PNG's economy?

“In just its first decade of operations, the PNG LNG Project has generated tens of thousands of jobs and strengthened PNG’s economy. It has engaged 155 local businesses, including 10 LANCOs in the production phase, and invested 6.8 billion kina in PNG with these businesses,” Clarke said.

How much power does Papua New Guinea have?

Given the relatively small population size, low access to electricity, commercial and technical challenges of hydropower, Papua New Guinea today has an installed capacity of less than 250 Mega Watts (MW). However, this is likely to increase over the coming decade with several projects under development.