Exxon Ships First LNG Cargo from Papua New Guinea
Papua New Guinea, a small Southeast Asian nation better known for its jungles and corruption, became the world's newest significant energy exporter after an Exxon Mobil-led facility began shipping natural gas.
By some estimates, the PNG LNG project could more than double the country's gross domestic product. "It's great for Papua New Guinea," said Jenny Haward-Jones, an expert on the country at the Lowy Institute, a Sydney-based think tank. "It sends an important signal to the international resources community that things can get done here."