Exxon LNG Project in Talks With Asia Customers on Spot Sales

Exxon Mobil Corp., operator of a $19 billion liquefied natural gas project in Papua New Guinea, is talking to customers in Asia about selling cargoes on the spot market as demand traditionally rises over summer.

Exxon expects an LNG cargo from the project every four to six days, Decie Autin, Exxon’s project executive in Papua New Guinea, said today in a a phone interview. The next shipment will go to CPC Corp. of Taiwan, she said. The first one has left the country headed to Tokyo Electric Power Co. in Japan, Exxon said earlier today in an e-mailed statement.