A broad portfolio of global liquefied natural gas operations continues to grow

ExxonMobil has led the industry in liquefied natural gas (LNG) integration and technology development. As our ventures in Qatar and Papua New Guinea progress, we can meet growing demands more easily.

Article Sept. 11, 2018

In this article

A broad portfolio of global liquefied natural gas operations continues to grow

Global LNG capacity

This capacity has recently increased significantly with the startup in Qatar of the four largest producing trains in the world.

Each of these trains is 7.8 million tonnes per year in size. Deliveries of Q-Flex and Q-Max ships were completed in 2009 and more than doubled fleet capacity for the Qatar joint ventures. We have also added 2.8 billion cubic feet per day of LNG regasification capacity with the opening of the South Hook terminal in Wales and the Adriatic LNG terminal offshore Italy, increasing access to attractive European markets.

ExxonMobil’s broad portfolio, our involvement across the LNG value chain, and our global marketing footprint provide important flexibility, and enable us to maximize value for our LNG ventures. We have led the industry in integrating LNG activities from production and liquefaction, to shipping, regasification and sales, and we have significant alignment with our joint venture partner Qatar Petroleum across the LNG value chain. We have also developed and applied new technologies to construct the world’s largest LNG trains and ships, minimizing unit costs and maximizing the value of natural gas from Qatar’s North Field — the world’s largest nonassociated gas field.

We are progressing new LNG projects to help meet the world’s growing gas demand. In Asia Pacific, we and our joint-venture partners have sanctioned the Gorgon Jansz and PNG LNG projects, which will significantly increase our volumes into Asia. Additional LNG projects are being pursued in Australia and West Africa.

PNG LNG plant overview

Photo — PNG LNG Project

Papua New Guinea LNG

ExxonMobil is the operator of the PNG LNG project (ExxonMobil interest, 33 percent) in Papua New Guinea. PNG LNG is considered among best-in-class for reliability and recently reached production equivalent of 8.3 million tonnes per year, a 20-percent increase over the facility’s original capacity. To date, the project has safely produced more than 19 million tonnes of LNG and loaded 262 cargoes for delivery to customers in Asia.

The Hides field underpins the PNG LNG project. Development of the Angore field, a future tie-in project, will bring additional resources online within the PNG LNG project. The successful Muruk 1 well, drilled in late 2016, targeted a prospect close to the Hides field that could enable further development.

In 2016, progress continued toward the award of a Petroleum Development License for the P’nyang field, which has the potential to provide long-term natural gas reserves to support future expansion.

ExxonMobil has continued to grow its position in PNG in with the award of more than 4.1 million offshore acres in 2016 with a 100 percent operating interest, and a further 1.2 million net acres in 2017 with a 40 percent operating interest.

Upon completion of the InterOil acquisition in early 2017, ExxonMobil gained a 36 percent interest in a block that contains the Elk-Antelope field. The acquisition also affords ExxonMobil an equity position in the proposed second LNG project in PNG, and therefore, the ability to capitalize on synergies with existing operations. In addition, the acquisition provides ExxonMobil a majority interest in six licenses that would add more than 3 million net exploration acres to ExxonMobil’s PNG position.

ExxonMobil continues to work with the Government of Papua New Guinea to construct a 50-megawatt power station near Port Moresby.

The success of our PNG LNG plant demonstrates the company’s commitment to operational excellence. As a result of debottlenecking and other reliability efforts, we recently reached production equivalent of 8.3 million tonnes per year, a 20 percent increase over the facility’s original design capacity.

An independent benchmarking study has shown that PNG LNG is considered among best-in-class for reliability.

Related content

Liquefied Natural Gas: Understanding one of the world's most vital energy resources

Today, natural gas impacts lives at an unprecedented scale, generating clean and reliable electricity. It is poised to become the fastest-growing energy type over the next two decades, and ExxonMobil leads the industry in its production, distribution and application around the world. This affordable and abundant energy source is making up a growing portion of our daily energy use and LNG is an important part of delivering cleaner-burning natural gas where it is needed most.

LNG Article Nov. 16, 2020

Clearing the air: What lies ahead for LNG in the Asia-Pacific region

Rapidly increasing energy demand from a growing middle class is seeing LNG play a greater role in China and India.

LNG Energy Factor March 26, 2019

LNG cargo carrier

Fueling the future: cleaner-burning liquefied natural gas demand forecasted to triple by 2040

ExxonMobil has operated in the liquefied natural gas marketplace for over 40 years. With our global partners, we continue to drive research and development to make liquefied natural gas available around the world.

LNG Article Sept. 12, 2018

6 charts that explain why natural gas will be the fuel of the future

Natural gas is poised to become an even more predominant fuel in the 21st century because the global economy is expanding and energy is a key driver in this economic success story.

LNG Energy Factor June 11, 2018

She's an LNG professional

The Papua New Guinea liquefied natural gas (PNG LNG) facility started exporting LNG a little more than three years ago and has put the island nation on the world’s energy map. And for local citizens, this achievement has translated into jobs and opportunities.

LNG Energy Factor Oct. 17, 2017