$12bn Prelude floating plant has Shell fired for LNG  

Posted by Big Gav in , , , ,

The Australian reports that Shell's plan for a floating LNG platform for the Prelude field in Australia's Browse Basin has passed another project milestone - $12bn Prelude floating plant has Shell fired for LNG.

ROYAL Dutch Shell has approved its world-first Prelude floating LNG project off Western Australia at an estimated capital cost of up to $US12.6 billion ($11.8bn), in a move that will allow it to access major gas deposits stranded hundreds of kilometres from the coast.

The Anglo-Dutch giant said in Perth yesterday that it had given final invesment approval for the revolutionary project, which will mark the first time a floating LNG vessel has been deployed to produce gas and liquefy it on board by cooling.

More than $200bn worth of LNG projects are on the drawing board in Australia, which is expected to become the world's second-biggest global exporter of the cleaner burning fuel by 2020.

Approval for the Prelude project comes as the LNG sector faces an investment boom.

US energy giant Chevron, Japan's Inpex and Perth-based Woodside Petroleum are all close to signing off on multi-billion-dollar developments in Australia.

The investments come in response to strong demand for LNG, including that from China and Japan.

Shell upstream international executive director Malcolm Brinded described the Prelude project in the Browse Basin as as a "game changer" and a colossal undertaking.

The floating facility will be 488m long -- longer than four soccer fields laid end to end.

It will be the largest floating structure ever built and will be permanently moored about 200km from the coast during its 25 years of production.

The vessel, to be built by South Korea's Samsung Heavy Industries, will be six times heavier than the world's biggest aircraft carrier and designed to withstand severe category 5 cyclones.

Prelude is expected to produce 3.6 million tonnes per annum of LNG, as well as volumes of condensate and liquefied petroleum gas.

It is scheduled to begin production in 2016.

1 comments

Anonymous   says 12:15 PM

I don't understand why so much effort and resources are being wasted on a non-renewable energy source. The job creation and boost to the economy would surely be greater if the investment was made in green technologies.

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (617) global warming (422) solar power (396) peak oil (353) renewable energy (301) electric vehicles (249) wind power (194) ocean energy (165) csp (158) geothermal energy (144) solar thermal power (144) energy storage (142) smart grids (140) solar pv (138) tidal power (137) oil (136) coal seam gas (131) nuclear power (128) china (118) lng (116) iraq (113) geothermal power (112) green buildings (111) natural gas (110) agriculture (92) oil price (80) biofuel (78) wave power (73) smart meters (72) coal (69) uk (69) electricity grid (67) energy efficiency (64) google (58) bicycle (51) internet (51) surveillance (50) big brother (49) shale gas (49) food prices (48) tesla (46) thin film solar (42) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) arctic ice (33) concentrating solar power (33) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) limits to growth (23) carbon tax (22) economics (22) exxon (22) lithium (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) coal to liquids (20) indonesia (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) collapse (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) iceland (16) lithium ion batteries (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) carbon emissions (14) fertiliser (14) ambient energy (13) biodiesel (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) antarctica (11) big oil (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) methane hydrates (9) pge (9) sweden (9) arrow energy (8) bolivia (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) chp (7) climategate (7) copenhagen (7) scenario planning (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)