JGC HoldinJGC Holdings Corporation announced that JGC Corporation 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 liquefaction 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.

About JGC

JGC is a global engineering, procurement, and construction firm committed to delivering a complete range of project services to our clients, while providing safe and cost-effective project execution. Since its founding in 1928, JGC has executed some 20,000 projects across the globe for the refining, LNG, petrochemical, power, pharmaceutical, and mining industries. From conception to commissioning, we partner with our clients to deliver successful engineering, procurement, and construction programs.

About Hyundai Engineering

Hyundai Engineering was established in 1974 as Hyundai Technology Development Co., Ltd., and has grown into a global engineering company that can represent Korea on the world stage.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world.

In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity.

With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050.