LNG

UK energy consultants Wood Mackenzie said that the North West Shelf LNG export project in Western Australia, operated by Woodside Petroleum, could have up to 7 million tonnes per annum of spare capacity available by 2027.

Woodside, the Australian LNG export plant operator, has received a regulatory permit for the Scarborough gas field development offshore Western Australia, even as the final investment decision has been deferred until 2021.

Western Australian LNG operator Woodside and Anglo-Australia commodities company BHP have decided to align their interests in the offshore Scarborough gas field to ease the path to expansion of the Pluto LNG plant on the Burrup Peninsula.

Australian LNG producer Woodside is advancing with its boosted seven-Train integrated LNG and gas hub in Western Australia and with overseas projects, including its offshore Myanmar gas venture to supply Rangoon and Thailand.

Australian liquefied natural gas producer Woodside Petroleum recovered from a disastrous 2019 second quarter with a jump in third-quarter LNG revenue because the Pluto plant was back on line, though earnings were still lower than the third quarter of 2018.

Royal Dutch Shell said it was ready to add 3.6 million tonnes per annum of liquefied natural gas to Australian output with the imminent start-up of the Prelude floating LNG plant offshore northwest Australia.

Woodside Petroleum Chief Executive Peter Coleman told the LNG2019 conference in Shanghai that international energy majors needed to do more to demonstrate as China has already done that a lower-carbon world needs LNG.

Woodside, the Western Australian liquefied natural gas producer, said its Burrup Hub for LNG is making progress with plans for third-party participation in liquefaction and pipelines, LNG maritime fuel availability for big ore carriers headed for Asia and truck-loading for remote users in the Outback.

Woodside Petroleum Chief Executive Peter Coleman said that after the company’s strong performance in the past year it was looking forward to sanctioning more than US$30 billion of new liquefied natural gas projects.

Woodside Petroleum, the largest Australian operator of LNG plants, has responded to those who criticise and undervalue the contribution to society of energy companies and their exports by disclosing its substantial tax and royalty payments amounting to billions of dollars since the 2013-2014 fiscal year.