Shipping of first LNG cargo from Australia's Prelude project is "imminent"
Shipment of the first liquefied natural gas (LNG) cargo from the long-awaited Prelude floating production project in Australia is “imminent”, Royal Dutch Shell said.
Prelude - the world’s biggest floating LNG production unit and the biggest maritime vessel ever built - is expected to have an annual LNG production capacity of 3.6 million ton.
It will also produce 1.3 million tons a year of condensate and 400,000 tons a year of liquefied petroleum gas (LPG).
The start-up of LNG production from Prelude would correspond with new project start-ups in the United States and would further saturate the tumbling global LNG market with oversupply.
Shell, owns 67.5 percent of the Prelude FLNG project, did not elaborate on how quickly the project would ramp up production, however.
The company first decided to go ahead with the project in 2011. After long delays, it introduced gas to the 490 metre-long (1,600 ft-long) Prelude FLNG for the first time a year ago as part of the cooling process before start-up.
Shell had hoped to start generating cash flow from Prelude in 2018.
It exported the first condensate cargo in March this year.
Japan’s Inpex Corp, Taiwan’s CPC Corp and Korea Gas Corp hold the rest of the shares in the Prelude project. (Reporting by Ekaterina Kravtsova; Editing by Susan Fenton)
The continued expansion of natural gas trade is led primarily by growth in the LNG sector, which has tripled over the past 3 yr.
Industry Focus: The future of gas-to-power projects in Africa
Natural gas is expected to play a central role in supporting Africa’s drive to achieve electricity connection for nearly 600 MM people without access to the grid, to reduce widespread reliance on coal for power generation, and to fast-track the continent’s slowed industrial expansion.
Regional Focus: Gazprom faces challenges for combined LNG/processing plant in Baltics
Russia’s largest natural gas producer, Gazprom, aims to build a giant project on the Russian Baltic seaport of Ust-Luga. The plans include the construction of a combined LNG and gas processing plant.
Environmental Considerations for Gas Pipeline Construction in Sensitive Areas
Ambioconsult, a subsidiary of Vepica, developed an environmental and social impact assessment for a subsea/land gas pipeline in Venezuela. This webcast will provide details on how the project lessened environmental impact and complied with regulations and stringent conditions, such as the presence of national parks and endangered species. The presenters will provide the steps they used to achieve social and environmental sustainability in a capital-intensive natural gas pipeline project.
September 11, 2019 10:00 AM CDT