PNG LNG

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 This article or section contains information about a planned or expected future energy production, transmission, distribution or other energy related infrastructure.
It may contain information of a speculative nature and the content may change as the construction and/or completion of the infrastructure approaches, and more information becomes available.
For ExxonMobile led LNG project in Papua New Guinea, see PNG Gas.

PNG LNG Inc is the Bahamas-based parent holding company of Liquid Niugini Gas Ltd, operator of an LNG natural gas liquefaction project in Papua New Guinea.

[edit] Technical description

The LNG plant will be built adjacent to the oil refinery owned by InterOil near Port Moresby. The LNG plant will consist of one processing train with nominal capacity of 5 million tonnes with option to add second train to increase total capacity up to 9 million tonnes of LNG and 1 million tonnes of natural gas liquids per year.[1][2] It will be supplied with natural gas from Elk and Antelope gas and condensate fields by 36 inches (910 mm) natural gas pipeline.[3] The preliminary engineering and evaluation design work were done in spring 2007.[1] The plant will use ConocoPhillips' proprietary natural gas liquefaction technology (Optimized CascadeSM Process) and it is to be constructed by Bechtel.[4]

The project is expected to cost US$5 billion to US$7 billion.[4] The first cargo of LNG is planned to be delivered in 2012.[1][5]

[edit] Project company

PNG LNG Inc is owned equally by InterOil Corp., Merrill Lynch Commodities, Inc., and Pacific LNG Operations Ltd. There are provisions for the entry of strategic partners, and for inclusion of the Government of Papua New Guinea.[3]

[edit] References

  1. ^ a b c "InterOil lays groundwork at LNG facility", Upstream Online, 2007-04-26. Retrieved on 2007-08-03. 
  2. ^ "Liquid Niugini LNG races on", Upstream Online, 2008-03-10. Retrieved on 2008-03-10. 
  3. ^ a b "Trio to Develop Papua New Guinea LNG Project", Downstream Today, 2007-08-01. Retrieved on 2007-08-03. 
  4. ^ a b "Bechtel wins PNG gas plant race", Upstream Online, 2008-02-28. Retrieved on 2008-03-01. 
  5. ^ "Papua New Guinea Endorses InterOil's LNG Project", Rigzone, 2007-04-26. Retrieved on 2007-08-03. 
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