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Natural gas in Papua New Guinea. Papua New Guinea has exported liquefied natural gas (LNG) since 2014. [1] The LNG sector is important to PNG's economy with US$2.95 billion in exports in 2020, and accounting for 5.25% of the GDP in 2019. [2] On a global scale, PNG is a minor player, with 0.08% of world reserves [2] In 2020, PNG was ranked 16th ...
Liquid Niugini LNG. Liquid Niugini LNG is a natural gas liquefaction project in Papua New Guinea. It is developed by Liquid Niugini Gas Ltd, and owned by PNG LNG Inc., a Bahamas-based parent holding company. It is one of several natural gas projects in Papua New Guinea and is associated with the Hides gas field.
9 m 3. 7.1 × 10. ^. 12 cu ft. The Hides gas field is a natural gas field located in the Hela Province of Papua New Guinea. It was discovered by BP in 1987, and after BP relinquished their interest, was later developed by ExxonMobil. It began production in 1988 and produces natural gas and condensates. The total proven reserves of the Hides gas ...
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The first major gas project was the PNG LNG joint venture. ExxonMobil is operator of the joint venture, also comprising PNG company Oil Search, Santos, Kumul Petroleum Holdings (Papua New Guinea's national oil and gas company), JX Nippon Oil and Gas Exploration, the PNG government's Mineral Resources Development Company and Petromin PNG ...
The Kikori Gas Pipeline Landowner Association is a Papua New Guinea landowner association which received PGK 17.6 million [$6.5 million] in funding in 2009 and 2010 from the government for local infrastructure developments in Kikori, Gulf Province, as part of the benefits the country is receiving from ExxonMobil’s $16 billion Liquefied Natural Gas (LNG) Project in Hides.
Categories: Energy companies of Papua New Guinea. Petroleum in Papua New Guinea. Natural gas in Papua New Guinea. Oil and gas companies by country. Oil and gas companies of Oceania by country.
Website. www.interoil.com. Prior to its acquisition by Exxon, InterOil Corporation was an oil and gas company with a primary focus on Papua New Guinea. InterOil's assets included one of Asia's largest undeveloped gas fields, Elk-Antelope, in the Gulf Province. The company employed more than 2000 staff and contractors.
