Seeking Alpha

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

  • 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.
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