Exxon Starts Drilling for Natural Gas in Papua New Guinea

Comment

Shutterstock photo

Exxonmobil announced on Monday that it has started to drill for natural gas in Papua New Guinea ( PNG ) as part of its $15.7-billion PNG LNG venture. The drilling is at the Hides natural gas field at PNG's highlands.

The oil firm said it expects the field would yield nine trillion cubic feet of natural gas which would be piped to a liquefied natural gas ( LNG ) processing terminal and chilled for export to China, Japan and Taiwan.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Commodities
Referenced Symbols: LNG , PNG


More from International Business Times

Subscribe






International Business Times
Contributor:

International Business Times


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com