Reuters Quotes Exxon

[jft310]

05/24/2013 I retitled Calahans post see below BRISBANE | Mon May 27, 2013 4:36am BST May 27 (Reuters) - Exxon Mobil's talks with Interoil to develop the Elk and Antelope fields could lead to an expansion of its $19 billion Papua New Guinea liquefied natural gas (PNG LNG) project, an Exxon executive said on Monday. The company did not have a timeline for when a deal could be finalised, but Mark Nolan, Exxon Mobil vice president for development in the Middle East and Africa, signaled it may be soon. "The expansion opportunities look attractive to us, so I wouldn't expect we'd wait too long," Nolan said, speaking to reporters at an industry conference." Yes, please.

05/24/2013

I retitled Calahans post see below

BRISBANE | Mon May 27, 2013 4:36am BST

May 27 (Reuters) - Exxon Mobil's talks with Interoil to develop the Elk and Antelope fields could lead to an expansion of its $19 billion Papua New Guinea liquefied natural gas (PNG LNG) project, an Exxon executive said on Monday.

The company did not have a timeline for when a deal could be finalised, but Mark Nolan, Exxon Mobil vice president for development in the Middle East and Africa, signaled it may be soon.

"The expansion opportunities look attractive to us, so I wouldn't expect we'd wait too long," Nolan said, speaking to reporters at an industry conference."

Yes, please.

[Tree]

Okee dokey then, just how many train expansion is XOM seeking?

CORRECTED-(OFFICIAL)-Exxon eyes Interoil assets for PNG LNG expansion

Mon, May 27 2013

(Corrects to show that 4 to 5 tcf is the gas required for one train, not the amount being considered in Interoil deal)

BRISBANE, May 27 (Reuters) - Exxon Mobil's talks with Interoil to develop the Elk and Antelope fields could lead to an expansion of its $19-billion Papua New Guinea liquefied natural gas (PNG LNG) project, an Exxon executive said on Monday.

The company did not have a timeline for when a deal could be finalised, but Mark Nolan, Exxon Mobil vice president for development in the Middle East and Africa, signalled it may be soon.

"The expansion opportunities look attractive to us, so I wouldn't expect we'd wait too long," Nolan said, speaking to reporters at an industry conference.

Exxon said 4 to 5 trillion cubic feet is typically the amount of gas required to expand an LNG plant by one train. LNG plants are typically made up of several "trains," or self-sufficient plants that chill gas into liquid.

Interoil Corp announced on Friday that it had entered into exclusive negotiations with Exxon. (Reporting by Rebekah Kebede; Editing by Clarence Fernandez)

[Palm]

Hohoho. From X-man's mouth

[Tree]

Hohoho. From X-man's mouth

“Global LNG demand is expected to increase significantly by 2025, at which point there is a potential supply shortfall estimated at almost 150 million tonnes. This equates to ten Gorgon Projects and about half a trillion dollars in investment,”

That, from the mouth of CVX Managing Director of AU operations.

That's only 12 yrs. away.  Sounding like 3 parallel projects in PNG based on IOC assets.  Add trains to PNG LNG.  Develop Gulf LNG. JV with TOT.  

[jft310]

If Tuskers comments about 60 total T's that IOC has found are true and also was implied by the SR VP of PRE on their investor day when he stated 5-10 T's in each IOC structures, well than Trees comments above are spot on.