Posted - 2 September, 10:19 AM - Staff - Business Spectator
Exxon Mobil subsidiary Esso Highlands Ltd has confirmed that its
liquefied natural gas project in Papua New Guinea is more than 90 per
cent complete.
In a statement to the Australian Securities
Exchange, the group said it is on schedule for first delivery of
liquefied natural gas in the second half of 2014.
The
commissioning phase has begun, which includes sending gas from Oil
Search Ltd's Kutubu central processing facility to the LNG plant to
provide power.
Santos Ltd has a 13.5 per cent interest in the project and said it continues to make strong progress on the venture.
The
estimated cost of the project remains at $US19 billion ($21.33 billion)
excluding Port Moresby administration facilities and shipping, as
previously forecast.
Post to be found at:
http://spectator01.businessspectator.com.au/news/2013/9/2/resources-and-energy/png-lng-track-2014
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