Browse Floating LNG Project Shelved
Posted by Big Gav in australia, floating lng, lng, natural gas, woodside
The SMH reports that Woodside's Browse project has shelved plans to build a floating LNG plant to exploit the field offshore from Western Australia.
The article notes that the Abadi project in Indonesia has also given up on floating LNG technology for now. Woodside's reasoning seems to have been based more on the sliding price for LNG and a lack of buyers willing to make long term commitments rather than any perceived problems with the technology. The article also noted that other FLNG projects are proceeding, such as ENI's Coral venture in Mozambique and Golar LNG's projects in west Africa for Ophir Energy and Perenco. Shell's Prelude FLNG project in northern Australia is still going ahead as well.
Posts
