Oil Search Sees Exxon LNG Project Shipments Starting Shortly
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Oil Search Ltd., Exxon Mobil Corp.’s partner in a $19 billion liquefied natural gas export project in Papua New Guinea, expects shipments to Asia to start shortly with the initial cargoes sold on the spot market.
The process to load the first LNG tanker has begun, with a decision on when the ship will leave to be made over the next few days, Managing Director Peter Botten said today by phone from Port Moresby, the Pacific nation’s capital. The first gas is expected to go to Tokyo Electric Power Co., he said.