Papua New Guinea LNG Project Resumes Exports

Monday, April 16, 2018

A liquefied natural gas (LNG) tanker has left Papua New Guinea laden with the first export cargo of the supercooled fuel since the country's giant LNG project resumed production after a major earthquake triggered a shutdown in February, Thomson Reuters Eikon shiptracking data showed on Monday.

The tanker's destination wasn't immediately clear, but the resumption of shipments could put pressure on spot LNG prices, traders said.

ExxonMobil Corp restarted output at the project near the capital Port Moresby a fortnight ahead of schedule, its Australian partners said late last week.

"We confirm an LNG cargo has been loaded onto the Kumul tanker," a spokeswoman from ExxonMobil told Reuters in an email reply.

The 172,000-cubic meter capacity LNG tanker Kumul, custom-built for the PNG LNG project, left the project terminal with a draft of 91 percent, suggesting it is nearly full, according to Thomson Reuters Eikon shiptracking data.

The Kumul unloaded an LNG cargo at the PNG terminal on April 4. It was anchored nearby until April 14, before loading the cargo from the terminal on April 15, the data showed.

ExxonMobil had said in early April that it had imported an LNG cargo to the project's terminal in order ensure tanks at the PNG facilities remained cold.

The 170,000-cubic meter capacity LNG tanker Papua is currently anchored near the Kumul Marine Terminal, while the 165,000-cubic meter capacity LNG tanker Bishu Maru is headed to Port Moresby, the Eikon data showed.


(Reporting by Jessica Jaganathan; editing by Kenneth Maxwell and Richard Pullin)

Categories: Coastal/Inland LNG Tankers

Related Stories

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Current News

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com