ExxonMobil and its partners will begin initial engineering work on a USD 11 billion LNG project in Papua New Guinea, as it moves towards final approval. The project aims to commercialise the Hides, Angore and Juha gas fields and the associated gas resources in the oil fields of Kutubu, Agogo, Gobe and Moran in the country’s southern highlands and western provinces. The proposed two-train LNG plant will have a production capacity of 6.3 million tonnes a year. Front-end engineering and design, is expected to take about 16 months to complete. A final investment decision is expected in late 2009, with the first LNG deliveries expected in 2014.
