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PNG LNG start-up signals the beginning of a new wave of Australasian LNG

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Report summary

Papua New Guinea LNG (PNG LNG) shipped its first LNG cargo to Japan on 26 May 2014. Operator ExxonMobil had targeted start up in H2 2014 but an aggressive commissioning schedule has seen both trains brought online in consecutive months well ahead of expectations and unprecedented for the industry. The key challenge will now be to maintain facility uptime to ensure that the partners realise the full potential of this accelerated value.

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Table of contents

Tables and charts

This report includes 5 images and tables including:

Images

  • PNG LNG plant, upstream acreage and potential expansion fields
  • LNG project delays for projects starting 2009-2014
  • Effect of start date variation on Total PV
  • Effect of facility uptime on Total PV

Tables

  • PNG LNG start-up signals the beginning of a new wave of Australasian LNG: Table 1

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