Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
PNG LNG delivers 100th cargo
by Daniel J. Graeber
Port Moresby, Papua New Guinea (UPI) Jun 15, 2015


disclaimer: image is for illustration purposes only

A liquefied natural gas project in Papua New Guinea, led Exxon Mobil, marked a milestone with its 100th delivery during the weekend, the consortium said.

The PNG LNG consortium said the vessel Methane Spirit is on its way to deliver gas to Japan for Tokyo Electric Power Co., the same company that received the first-ever shipment in May 2014.

The Japanese economy has taken on more LNG in response to the shortage of power brought on by the 2011 meltdown at the Fukushima Daiichi nuclear power plant, operated by TEPCO. Japan's economy is expected to grow by 1 percent this year, while peer economies China and India are standing still

Japan's Cabinet Office reported real gross domestic product grew by 2.4 percent from January through March, an improvement over the revised 1.1 percent reported from October through December.

Japan, the world's third largest economy, announced in February it exited two quarters of consecutive recession. Gross domestic product during fourth quarter grew by 2.2 percent, but the pace was subdued by a decrease in consumer spending.

Construction at the LNG facility in Papua New Guinea began in 2010. The facility is expected to produce more than 9 trillion cubic feet of natural gas over its 30-year lifespan.

More than 7 million tons of LNG have been shipped from the facility since it opened last year.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Algeria gas plant jihadist Belmokhtar 'killed in US strike'
Benghazi, Libya (AFP) June 15, 2015
Al-Qaeda-linked jihadist Mokhtar Belmokhtar, who allegedly masterminded the siege of an Algerian gas plant in which 38 hostages died, has been killed in a US air strike, Libya's government said. "American jets conducted an operation which resulted in the deaths of Mokhtar Belmokhtar and a group of Libyans belonging to a terrorist organisation in eastern Libya," the internationally recognised ... read more


OIL AND GAS
Researchers develop ultra-tough fiber that imitates the structure of spider silk

Turning paper industry waste into chemicals

Recovering a rare metal from LCDs to avoid depleting key resource

MIT team creates ultracold molecules

OIL AND GAS
Harris providing Australia with support for radio system

US Navy accepts third LMC-Built MUOS comsat

Continued Momentum for Commercial Satellite Acquisition Reform

IOC status for upgraded French AWACS aircraft

OIL AND GAS
Airbus developing reusable space rocket launcher

Angara to launch first manned rocket from Vostochny in 2023

Recent Proton loss to push up launch costs warns manufacturer

Air Force Certifies SpaceX for National Security Space Missions

OIL AND GAS
Russia, China Plan to Equip Commercial Trucks With Glonass, BeiDou

GLONASS to Go on Stream in 2015

Satellites make a load of difference to bridge safety

Advanced Navigation Releases Interface and Logging Unit

OIL AND GAS
US lays groundwork for airline emissions rules

Kuwait wants to buy Airbus helicopters for air force

Northrop Grumman unveils first NATO ISR aircraft

U.S. orders components for 94 F-35s

OIL AND GAS
New boron compounds for organic light-emitting diodes

Exploiting the extraordinary properties of a new semiconductor

Futuristic components on silicon chips, fabricated successfully

New chip makes testing for antibiotic-resistant bacteria faster, easier

OIL AND GAS
NASA Releases Detailed Global Climate Change Projections

Apple dispatches fleet of cars to get map service data

Yahoo folding up map site as priorities shift

Egypt Mulls Buying Russian Satellite Images After EgyptSat 2 Loss

OIL AND GAS
Spain's crisis has taken environmental toll: Greenpeace

Researchers say anti-pollution rules have uncertain effects

Greenpeace India vows to win 'malicious' funds battle

Wetlands continue to reduce nitrates




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.