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The agreement gives 34.5 per cent of the equity in the project to the PNG State, significantly more than the 22.5 per cent for the TotalEnergies-led Papua LNG project or the 19.6 per cent for PNG's first gas project, PNG LNG. Exxon said it will work with the PNG government regarding their interest in additional equity in the project. [121]
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
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.
This became an urgent concern in the LNG/PNG gas project. Government was facing a cash call, but it had no money. Therefore, he financed the acquisition of equity in LNG/PNG through a loan from the International Petroleum Investment Corporation (IPIC) in Abu Dhabi.
2. In the left navigation menu, click My Wallet | select View My Bill. - The Billing Statement page will appear. 3. From the dropdown menu, select the time period you want to view. Note - You can print your statement by clicking on the Print Statement button.
Pages in category "Oil and gas companies of Papua New Guinea" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. I.
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. Its main offices were in Singapore and Port Moresby.
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...