- ExxonMobil (XOM -0.5%) is on track to start exporting liquefied natural gas from Papua New Guinea by mid-year, ahead of schedule and below its $19B budget, according to the manager of the PNG LNG project.
- The project has started commissioning a gas conditioning plant in the country's highlands, where the gas is drilled, a 180-mile onshore pipeline has been completed, and the first of two units at the LNG plant is ready.
- The first shipment is likely to be a spot cargo, rather than going to one of PNG LNG's major Asian customers, who have contracted to take 95% of the plant's 6.9M metric tons/year of gas.
From other sites
Video at CNBC.com (Wed, 7:01PM)
Video at CNBC.com (Jul 28, 2015)
at CNBC.com (May 22, 2015)
Video at CNBC.com (May 21, 2015)
at CNBC.com (May 5, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs