Market
LNG
The global LNG market is growing rapidly. Forecasts indicate that worldwide LNG demand will grow at over 10 percent annually to 2015, compared to projected annual growth of two percent for oil or traditional gas market demand.
Papua New Guinea is perfectly positioned geographically to supply either Asian or US markets.
LPG and oil condensate
Liquid Niugini Gas’s NGL extraction plant will process wet gas feedstock at the Napa Napa site, producing LPG and oil condensate for export.
Our progress
- Henry Aldorf Presents to LNG Outlook Asia - 1st June, 2010 > more
- Henry Aldorf Presents to 15th Annual Asia Upstream LNG Conference - 21st April, 2010 > more
- Government Of Papua New Guinea Approves InterOil's LNG Project Agreement - 10th December, 2009 > more
- Bechtel selected as FEED/EPC contractor and ConocoPhillips Process Technology chosen for the plant design > more
- EIS process underway
- PNG Prime Minister, Sir Michael Somare, expresses his enthusiasm for the benefits the Liquid Niugini Gas project will bring to his country > more
- FEED/EPC shortlist announced
- Shareholder Agreement signed
- Pre-basis of the Engineering Design study and a sound project definition now complete
- Further well appraisal underway
- InterOil announced the Elk gas discovery (100+ MMSCFGPD), immediately followed by an appraisal well and seismic shoot
- Memorandum of Understanding signed in September 2006 with the PNG Government. Project Agreement negotiations underway