Update On ExxonMobil's LNG Export Terminal In Papua New Guinea -- July 16, 2018

ExxonMobil: I don't know how credible this op-ed piece is over at oilprice.com but it certainly is interesting.

Until recently, tiny Papua New Guinea was the envy of the world's LNG producers ... the project came online without much delay; and pretty much on budget. 

The ExxonMobil-led $19 billion PNG project came online in mid-2014 and started shipping LNG to markets in the Asia-Pacific region, which accounts for 72 percent of all global LNG demand.

By 2017, the project was producing some 8.3 million tonnes of LNG, an increase of 20 percent from the original design specification of 6.9 million tonnes per annum.

But following a 7.5 magnitude earthquake, it looks like this could be the beginning of the end.

Again, I don't know how accurate this all is, but it is interesting.

But look how big that project was: this single project accounted for 72 percent of all global LNG demand.

For twenty-four years Smokie's been living next door to Alice --