LNG

Aug 1 (LNGJ) - ExxonMobil Chairman Rex Tillerson praised the coming impact on the US major's eanings of the Papua New Guinea LNG project that in May made the Oceania nation the world's 20th large-scale LNG producer. "Upstream production for the year remains in line with plans and we continue to add volumes from our high-quality development portfolio through assets such as the Papua New Guinea LNG project, which started up ahead of schedule during the quarter," Tillerson said. ExxonMobil's second-quarter 2014 earnings were $8.8 billion, up 28 percent from the same three months of 2013.