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Exxon Mobil to shut Papua New Guinea LNG plant for at least 7 days

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LNG Industry,


Reuters are reporting that ExxonMobil Corp will shut the Papua New Guinea LNG plant for at least seven days for inspection for any damage to the facility after an earthquake.

In Japan, Osaka Gas and JERA Co, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power, are the buyers of the project’s LNG.

Osaka Gas sees no major impact on LNG procurement from the shutdown of the plant.

Papua New Guinea LNG has been producing at around 20% above its rated capacity of 6.9 million tpy

Asian LNG spot prices remained firm this month amid renewed Japanese purchases and as supply from the US continued to lag though the peak winter season is over.

Read the article online at: https://www.lngindustry.com/liquefaction/27022018/exxon-mobil-to-shut-papua-new-guinea-lng-plant-for-at-least-7-days/

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