LNG Project PNG’s Liquid Natural Gas project
The PNG LNG project proposes to commercialize the Hides, Angore and Julla fields and the associated natural gas resources in the currently operating oil fields of Kutubu, Agogo, Gobe and Moran in the Soutllern Higiliands and Western Provinces of PNG. The gas will be treated at a gas conditioning plant at Hides then transported via pipeline to a 6.6 million tonne per annum LNG liquefaction and storage facility proposed to be located 20km north-west of Port Moresby on the Gulf of Papua.
The PNG LNG Project is an integrated development that includes gas production and processing facilities, onshore and offshore pipelines and liquefaction facilities with capacity of 6.6 million tons per year. Participating interests include affiliates of Exxon Mobil Corporation (including Esso Highlands Limited as operator, 33.2 percent), Oil Search Limited (29.0 percent), Independent Public Business Corporation (PNG Government, 16.6 percent), Santos Limited (13.5 percent), Nippon Oil Exploration (4.7 percent), Mineral Resources Development Company (PNG landowners, 2.8 percent) and Petromin PNG Holdings Limited (0.2 percent).
The PNG LNG Project has signed a 5-year service agreement with the Institute of Banking & Business Management (IBBM) Corporate Training for the establishing and management of an Enterprise Center in Port Moresby, Papua New Guinea, which will help national businesses achieve global standards of management
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