Website Headline Feb16-Dec18

PNG LNG restarts ahead of schedule

ExxonMobil, operator of the PNG LNG Project, has restarted production safely following a shutdown of operations after a severe earthquake on 26 February.

Following the 7.5 magnitude earthquake, the supermajor shut down the two LNG trains at the PNG LNG plant near Port Moresby following the shut down of the Hides gas conditioning plant and Hides well pads in Hela Province.

On Monday 30 April, ExxonMobil advised that LNG Train 2 had safely restarted and the plant is operating at normal production rates.

Exports of LNG have also resumed.

Production has been gradually increasing since the Hides gas conditioning plant and Train 1 at the PNG LNG plant restarted earlier in April.

ExxonMobil expects to reach full capacity in May.

The PNG LNG Project involves a two-train, 6.6 MMt/a LNG processing facility and a 850 km large diameter pipeline.

First LNG was shipped in June 2014.

Joint venture participants include ExxonMobil subsidiary Esso Highlands as operator (33.2 per cent), Oil Search (29.0 per cent), PNG Government (16.6 per cent), Santos (13.5 per cent), Nippon Oil (4.7 per cent), Mineral Resources Development Company (2.8 per cent) and Petromin PNG Holdings Limited (0.2 per cent).