PAPUA NEW GUINEA — JX Nippon Oil & Gas Exploration Corporation has announced the successful commencement of production from the Angore gas field, a significant addition to the Papua New Guinea Liquefied Natural Gas (PNG LNG) Project.
This development is spearheaded by JX’s subsidiary, Nippon Papua New Guinea LNG LLC, which holds a 4.7 per cent interest in the project.
The PNG LNG Project is a comprehensive initiative that integrates gas production and processing facilities across several provinces in Papua New Guinea, including Southern Highlands, Hela, Western, Gulf, and Central.
The project features over 700 kilometres of pipeline connecting various facilities, such as a gas conditioning plant located in Hides and liquefaction and storage facilities near Port Moresby.
The newly developed Angore gas field is situated adjacent to the Hides gas field and is expected to unlock approximately one trillion cubic feet (TCF) of natural gas resources, enhancing the overall production capacity of the PNG LNG Project by up to 350 million standard cubic feet per day (MCF/d).
This milestone marks a pivotal phase for the LNG industry in Papua New Guinea, with JX Nippon Oil & Gas having been involved in local projects since 1990.
The PNG LNG Project itself has been operational since April 2014 and has consistently delivered significant volumes of LNG to major customers throughout Asia.
With this latest development, JX and its partners aim to support stable production levels at the project’s liquefaction facility at Caution Bay.
The PNG LNG Project is operated by ExxonMobil, which holds a 33.2 per cent stake, alongside other partners including Santos with 39.9 per cent, Kumul Petroleum at 19.4 per cent, and MRDC with 2.8 per cent.
The total investment in the Angore development project is estimated at around US$1 billion, reflecting the ongoing commitment of JX and its partners to enhance energy production capabilities in Papua New Guinea.
