ExxonMobil PNG expands LNG facility

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ExxonMobil PNG expands LNG facility

ExxonMobil PNG, operator of the PNG LNG project, and the government of Papua New Guinea have reached an agreement to supply up to 20 million cubic feet a day of domestic natural gas.

The agreement will see PNG LNG facility supply gas for 20 years to support government plans to improve the capacity and reliability of the country’s power supply.

The agreement is in addition to an existing gas commitment for Hides domestic power generation.

“This agreement enables a reliable long-term supply of natural gas to support Port Moresby’s power generation needs,” said Peter Graham, ExxonMobil PNG managing director.

Under a memorandum of understanding, a portion of the natural gas supply allocated for domestic use will enable PNG LNG to provide up to 25 megawatts of electrical power, or about 20 percent of Port Moresby’s current generation capacity, for an interim period while the government addresses long-term power generation options. The remainder of the gas supply will be used to fuel a new state-owned gas-fired power generation unit expected to be located near the LNG plant outside of Port Moresby.

The agreement provides for the award of a petroleum development license and associated pipeline licenses for the P’nyang field in order to provide access to the long-term natural gas reserves needed for power generation, and to enable expansion of the PNG LNG project, which could include the development of a possible additional train.

Esso PNG P’nyang, the operator of the P’nyang field and an ExxonMobil subsidiary, and its co venture partners will commence preparations to drill a P’nyang appraisal well within two years of the awarding of the petroleum development license.

Preparations for appraisal drilling are anticipated to commence in 2015, subject to progress of technical work, permitting and budgeting.

Source: LNGworldnews

Link: http://tinyurl.com/oq9u3dt

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.