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Santos managing director David Knox says revenue from PNGLNG will further strengthen Santos position in the oil and gas market.

Santos owns 13.5% of the PNG LNG project, which is expected to quadruple the company’s LNG production once it reaches full output.

 “A key part of Santos’ growth strategy is the successful delivery of our transformational LNG portfolio.

“This is an important step for Santos and we look forward to the continued ramp-up of LNG production.

“First cargo from PNG LNG is not only a significant milestone for Santos but also for the operator ExxonMobil and Papua New Guinea.

“This is PNG’s largest resource project to date and has taken over 191 million work hours to complete – an incredible effort by all.

More than 700km of pipeline connect the facilities, which include a gas conditioning plant in Hides, and liquefaction and storage facilities near Port Moresby, with project capacity of 6.9 million tonnes of LNG per year.

The project is expected to produce more than 9 trillion cubic feet of gas over the estimated 30 years of operations.

 

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