ExxonMobil is a primary entity associated with the ownership and operation of the PNG LNG Project, specifically as the parent company of its operator.
ExxonMobil's Involvement with PNG LNG
The PNG LNG Project is a significant liquefied natural gas development. For projects of this scale, ownership often involves multiple partners, but the role of the project's operator and its parent company is crucial for its management and successful execution.
- Parent Company of the Operator: ExxonMobil serves as the parent company of ExxonMobil PNG Limited.
- Project Operator: ExxonMobil PNG Limited is the entity that operates the PNG LNG Project. This means it holds direct responsibility for the day-to-day management, development, and safe operation of the entire facility.
- Historical Delivery: ExxonMobil PNG Limited played a pivotal role in successfully and safely delivering Papua New Guinea's first LNG project, highlighting its central involvement from the project's inception.
Through its subsidiary, which is the operator of the project, ExxonMobil holds a leading and controlling position, overseeing the strategic direction and operational aspects of the PNG LNG Project. This critical operational control and management responsibility are key aspects of a significant form of "ownership" in complex energy ventures.
