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: Tankers LNG Coastal/Inland

Related Stories

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Shell Hires Noble’s Drillship for Work in Southeast Asia

Sapura Energy Nets $720M from Multiple Drilling Services Contracts

European LNG Imports Up with Asian Influx

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Flare Gas Recovery Meets the Future

Transocean’s Drillship to Stay in India Under New $111M Deal

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

TVO Selects Collins to Head Australian Ops

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

Current News

Fire at Petronas Gas Pipeline in Malaysia Sends 63 to Hospital

Japan’s ENEOS Xplora, PVEP Ink Deal for Vietnam Offshore Block

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Woodside to Shed Some Trinidad and Tobago Assets for $206M

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

Keel Laying for Wind Flyer Trimaran Crew Boat

MODEC Gets Shell’s Gato do Mato FPSO Ops and Maintenance Job

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