by Daniel J. Graeber
Washington (UPI) Jun 29, 2017
A floating production facility that will be used to tap into the natural gas reserves off the coast of Australia has left the shipyard, Shell said Thursday.
Shell's aviation subsidiary in Australia sold in March to independent Viva Energy Australia for $250 million, in line with the Dutch supermajor's efforts to streamline its portfolio. Shell keeps its brand name visible in the aviation refueling sector, as Viva Energy remains the licensee of its fuels.
Shell's presence in Australia extends into the natural gas market, operating in the Browse reservoir in Western Australia. Its Prelude floating liquefied natural gas production facility is the largest vessel of its kind and can process an amount equivalent to Hong Kong's entire demand for natural gas.
"The facility, constructed by Technip Samsung Consortium, is being towed to North West Australia, where the next phase of the project will begin," Shell said in a statement.
The keel for the floating liquefied natural gas facility was laid in 2013. The vessel will allow Shell to pull natural gas from the Prelude field off the coast of Western Australia, process it into LNG and transport it on to its customers.
Large for a floating facility, it's one-quarter the size of an equivalent inland plant. With LNG emerging in market share because of its diverse deliverability options, Shell said the Prelude FLNG vessel opens up new doors in new countries.
"Once secure, the hook-up and commissioning process will begin," the company said.
Cash flow from the project is expected as early as next year.
Washington (UPI) Jun 28, 2017
An energy-dominant United States means the country is self-reliant and isolated from countries that aim to use energy as a weapon, the energy secretary said. U.S. President Donald Trump is highlighting his energy strategy this week as the Energy Department's independent Energy Information Administration holds its annual conference in the nation's capital. Earlier this week, White ... read more
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|