PNG LNG at full capacity in May: Santos


Santos says that liquid natural gas production in Papua New Guinea returns to full capacity next month after an earthquake handheld shutdown.

Santos, who owns 13.5 percent of the Exxon-led PNG project, says the second train to Port Moresby is now in operation and exports have resumed.

LNG Hides and Kutubu gas plants were closed after February-earthquake size 7.5 in PNG's southern highlands, and the first train reopened on 13 April.

The safe restart and cleanup of both LNG trains before ExxonMobil's previously estimated eight-week timeframe is an important performance from the operator, says Santos CEO and CEO Kevin Gallagher.

Santos shares were down 16 cents, or 2.6 per cent. to 6.08% at 1120 AEST due to a broad drop in the energy sector.

Shares in ASX-listed Oil Search, which owns 29 per cent. of venture capital, was 14 cents or 1.8 per cent. $ 7.82. [19659007]



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close