Floating LNG plant to be built near East Timor
Posted by Big Gav in australia, east timor, lng, natural gas, shell, sunrise, woodside
The ABC reports that Woodside are looking to build a floating LNG production platform for the Sunrise field between Darwin and East Timor (with the East Timorese continuing to lobby vigorously for the plant to be built there) - Floating LNG plant to be built near East Timor
After years of speculation, the Sunrise Joint Venture has finally announced it will build a floating liquefied natural gas processing plant in the Timor Sea. The Greater Sunrise field is in both Australian and Timorese waters, about 700 kilometres north-west of Darwin, and the two countries will have an equal share of royalties.
The floating rig means Darwin will miss out on having a multi-billion dollar plant built there. Operator Woodside Petroleum says after considering on-shore LNG processing in both Darwin and East Timor, the joint venture partners, which include Osaka Gas, Shell and ConocoPhillips, decided a floating plant was the most viable.
Woodside CEO Don Voelte says the decision is a boon for the new but impoverished democracy. "We expect that the selection of a floating LNG processing option will, in addition to generating significant long-term petroleum revenue, provide a broad range of social investment, employment and training opportunities for Timor-Leste."