Located in Coral Sea in Papua New Guinea, the Pasca Floating LNG liquefaction terminal is owned by Twinza Oil. According to GlobalData, who tracks more than 1,100 active and developing LNG terminals worldwide, it will be operated by Twinza Oil, once it becomes operational in 2029. Buy the profile here.
The Pasca Floating LNG liquefaction terminal will source gas from Pasca Phase II field.
With one train, Pasca Floating terminal will have an initial LNG production capacity of 0.7Mtpa (million tons per annum).
During the period 2021-2025, the Pasca Floating liquefaction plant is expected to witness an estimated capex of $47.4m.
About Twinza Oil
Twinza Oil Ltd (Twinza) is an upstream oil and gas company focused on discovery and development of petroleum resources in Asia-Pacific region. The company carries out oil and gas field development and exploration projects comprising offshore Pasca A, a gas condensate field in Papua New Guinea; and the onshore ATP 784, an unconventional shale oil and gas basin in Southwest Queensland, Australia. The company is funded by Clough Limited and Kerogen Capital. It has operations with regional offices in Singapore and Papua New Guinea. Twinza is headquartered in Nedlands, Western Australia, Australia.
For more details on the Pasca Floating LNG liquefaction terminal, buy the profile here.