Exxon to Start $15 Billion LNG Project

As liquefied natural gas becomes more and more popular as fuel for cars, it is only natural that corporations are interested in exploiting LNG. Exxon Mobil Corporations has just announced that it will start its Papua New Guinea (PNG) LNG project, as all purchasing and financing agreements are complete.

This means that Exxon will start gas production in the Southern Highlands and Western Provinces of Papua New Guinea. The company will also build liquefaction and storage facilities with capacit… (read more)