LNG barge resurfaces

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 20-May-15

Santos and Engie dropped plans to use floating LNG technology for the Bonaparte gas project in mid-2015, as it was deemed to be unviable. However, the two groups may revisit the proposal by placing an FLNG plant on a barge just off the coast of the Northern Territory. It is estimated that this would reduce the cost of using FLNG technology from $US4bn to around $US2bn. It would also cut the Bonaparte project’s annual production from 2.6 million tonnes of LNG to two million tonnes.

CORPORATES
SANTOS LIMITED – ASX STO, ENGIE SA, CITIGROUP PTY LTD

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