First LNG Cargo Loaded from Exxon PNG Project

LNG carrier Spirit of Hela, which is jointly owned by MOL and Itochu Corporation (ITOCF), has left Papua New Guinea carrying the first LNG cargo from the ExxonMobil-led PNG LNG Project, Mitsui O.S.K. Lines, Ltd. announced.

The PNG LNG Project is Papua New Guinea’s first ever LNG project, and it will provide long-term supply of gas to customers in Japan and other countries.

The vessel loaded LNG at the Project’s Marine Terminal, which is located near Port Moresby, the capital of Papua New Guinea. The first cargo will be delivered to Tokyo Electric Power Company.

On May 14, Papua New Guinea’s Prime Minister Peter O’Neill visited the vessel for a tour.

Specifications of Spirit of Hela
Length: 298.43 meters
Breath: 46 meters
Cargo tank capacity: 175,103.173 cubic meters (98.7%)
Main engine: Dual Fuel Diesel Electric
Flag of registry: Nassau, Bahamas

Outline of PNG LNG Project
Project participants:
ExxonMobil: 33.2% (operator)
Oil Search Limited: 29%
NPCP (Papua New Guinea government agency): 16.6%
Santos Limited: 13.5%
JX Nippon Oil & Gas Exploration Corporation: 4.7%
MRDC (Papua New Guinea government agency): 2.8%
Petromin PNG Holdings: 0.2%
Annual LNG production capacity: 6.9 million tons
LNG loading port: Near Port Moresby, Papua New Guinea