Marubeni Corporation has acquired 21% shares of Merlin Petroleum Company (hereinafter “Merlin”) held by JX Nippon Oil & Gas Exploration Corporation.
Merlin holds oil and gas interests in Papua New Guinea including interests in the country's first LNG project named the PNG LNG Project utilizing the gas to be produced from the fields in which Merlin participates and other oil and gas fields in Papua New Guinea.
Name Plate LNG Production Volume 6.9 million ton per annum
Start Production 2014
LNG Buyers Long-term sales and purchase agreements for 6.6 million ton per annum of LNG from the project have been executed with internationally reputable LNG buyers in Japan, China and Taiwan for 20 years.
Location Transport of natural gas from the oil and gas fields located in the Southern Highlands Province and Western Province in the central PNG to a liquefaction plant under construction near Port Moresby, through over 750km of pipelines.