13 Jun '11, 3pm

Shell to build second floating LNG facility

SINGAPORE: Royal Dutch Shell said it plans to install a second floating liquid natural gas (FLNG) facility in the natural gas field off Timor Leste and Australian waters. Shell said it will proceed with the project once it gets the go-ahead to enter the field. Timor Leste and Woodside Petroleum from Australia are in a dispute over the development of the field. Timor Leste intends to build an LNG plant onshore while Woodside Petroleum wants to build a floating LNG plant. The oil giant said it wants to build more FLNG facilities in the region to tap on natural gas resources to meet growing energy demands in Asia. Stationed out some 200 kilometres off the Western Australian coast, Shell's Prelude FLNG facility will produce gas from offshore fields and liquefy it onboard by cooling. Analysts estimate the cost of the Prelude FLNG facility at US$10.5 billion to US$13 billion. An...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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