Projects ~ Supply
Supply
Discoveries to date of potentially recoverable gas in Papua New Guinea total in excess of 29 TCF.
Liquid Niugini Gas shareholder and foundation gas supplier InterOil Corporation, holds the largest on-shore exploration licence in Papua New Guinea, which is like liquid gold.
In October 2006, InterOil announced a discovery at its Elk gas field indicating a significant new potential gas find.
Field appraisal is currently underway at Elk to explore and confirm the natural gas potential and an additional in-fill seismic is currently being shot.
As currently little of the discovered gas in PNG has been commercialised, Liquid Niugini Gas will also pursue the option to utilize gas from other sources and suppliers for future expansion.
Click here for InterOil updates on supply
Click here to read more about the proposed plant and the current InterOil infrastructure we will have access to.
Our progress
- 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
- Financing strategy being pursued led by Merrill Lynch, supported by Taylor-DeJongh
- Second phase of shipping strategy through Merrill Lynch underway
- 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
- Management Team in place