JGC Awarded Papua LNG Downstream FEED Project in Papua New Guinea

JGC Holdings Corporation (Representative Director, Chairman and CEO Masayuki Sato) announced that JGC Corporation (Representative Director and President Farhan Mujib) which operates the overseas engineering, procurement and construction (EPC) business of the JGC Group, in partnership with Hyundai Engineering & Construction, was awarded the Front End Engineering Design (FEED) and Engineering, Procurement and Construction (EPC) estimation contract for the downstream liquified natural gas (LNG) facilities for the Papua LNG project in Papua New Guinea, by ExxonMobil on behalf of the venture partners.

The Project calls for the design of approximately 4 million tons per year of LNG liquifaction capacity adjacent to the existing PNG LNG processing facilities located 20 kilometres northwest of Port Moresby, Papua New Guinea, with the natural gas to be sourced from the Elk Antelope gas field. The Project also includes the use of 2 million tons per year of liquefaction capacity in the existing trains of PNG LNG.

The LNG facilities will adopt an "E-Drive" design, where electric motors instead of conventional gas turbines drive the natural gas compressors.This will help reduce CO2 emissions during operations of the LNG facilities.

The role of LNG, with its reduced environmental impact in comparison with other fossil energy sources, is increasingly important in the "energy transition" which is progressing against the backdrop of recent global low-carbon and decarbonization trends. The JGC Group has been responsible for the construction of LNG facilities accounting for more than 30% of world LNG production and is currently executing three projects: a large- scale LNG project in Canada, an FLNG project in Mozambique, and an FLNG project in Malaysia.

As a world-leading engineering contractor in the LNG field, we will continue to aggressively expand our business activities and contribute to energy transition.