Santos has announced the first shipment of liquefied natural gas (LNG) from the $US19 billion PNG LNG project has left Papua New Guinea carrying a cargo bound for Japan.
Production from the first LNG train started in April, and production from the second train has also started.
Santos Managing Director David Knox said the successful completion and first cargo from PNG LNG marked the beginning of Santos’ transformational growth.
“A key part of Santos’ growth strategy is the successful delivery of our transformational LNG portfolio. Santos is well and truly a key player in the LNG market and today’s announcement only strengthens our position as a major and competitive LNG supplier to Asia.”
“This is an important step for Santos and we look forward to the continued ramp up of LNG production. PNG LNG will quadruple Santos’ LNG production once the project reaches full output.”
“First cargo from PNG LNG is not only a significant milestone for Santos, but also for the operator ExxonMobil and Papua New Guinea. This is PNG’s largest resource project to date and has taken over 191 million work hours to complete – an incredible effort by all,” Mr Knox said.
Santos has a 13.5% interest in the PNG LNG project. Other co-venturers include affiliates of ExxonMobil (operator), Oil Search, National Petroleum Company of PNG, JX Nippon Oil & Gas Exploration, Mineral Resources Development Company and Petromin PNG Holdings Limited.