Exxon’s Papua New Guinea LNG plant running at full capacity

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (NYSE:XOM) says its $19B PNG LNG project in Papua New Guinea is producing at full capacity after shipments started ahead of schedule in May.

The first stage has a capacity of 6.9M metric tons/year of liquefied natural gas: XOM and partners including Oil Search (OTCPK:OISHF) and Santos (OTCPK:STOSF) are considering an expansion of the development.

The project is set to start loading its 15th LNG cargo, XOM says.