Plant
Plant

plant_img1The LNG Plants : EWC LNG Project Partnership

On February 2, 2011, InterOil and PACLNG and Energy World Corporation completed final documentation defining the contractual terms relating to the proposed 3 mtpa plant.

  • Project Funding and Construction Agreement
  • Shareholder Agreement
  • The agreements with EWC provide a framework for the possible expansion of the initial LNG plant’s capacity to up to 8 mtpa of LNG The initial 3 mtpa modular LNG plant is expected to process an estimated 2.25 Tcf of natural gas over 15 years.


plant_img2The initial 3 mtpa modular LNG plant is expected to process an estimated 2.25 Tcf of natural gas over 15 years.

  • EWC will be entitled to a fee of 14.5% of the proceeds from the sale of LNG by the upstream partners, less agreed deductions and financing costs
  • The LNG project with EWC is designed to link with InterOil's proposed condensate stripping plant (CSP) with Mitsui Group and to accelerate the intended monetization of the Elk and Antelope fields

The current LNG project schedule is aiming for the FID this year, with a proposed combined plant start-up approximately 30 months later.

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InterOil and PACLNG Expand to approx. 5 mtpa with Floating LNG Project

On April 11, 2011, InterOil and Pacific LNG Operations executed agreements with FLEX LNG LTD and Samsung Heavy Industries for a floating liquefaction project in Papua New Guinea with targeted start of LNG production in 2014.

  • FLEX LNG has already completed the generic Front-End Engineering and Design (FEED) in 2009 and the project specific FEED is targeted to start in May 2011
  • The parties intend to work towards reaching a final investment decision (FID) before the end of 2011
  • FLEX LNG and Samsung Heavy Industries will be responsible for the design, engineering, construction and commissioning of the FLNG vessel


The FLNG vessel is expected to be moored alongside the jetty and have a production nameplate capacity of up to 1.8 - 2 million tons of LNG per annum.

  • Construction of the FLNG unit will be fully financed by FLEX LNG and Samsung Heavy Industries
  • FLEX LNG will receive, less agreed deductions and premiums, 14.5% of the proceeds from the sale of LNG by the upstream partners from the FLNG vessel for an initial 15-year period
  • The LNG project with EWC is designed to link with InterOil's proposed CSP with Mitsui Group and to accelerate the intended monetization of the Elk and Antelope fields

Samsung provides the construction financing and all performance guarantees

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