Floating LNG gets a sinking feeling

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 29-Mar-16

Tri-Zen International’s Tony Regan says recent decisions to shelve two floating LNG projects is disappointing. Floating LNG technology was once regarded as a good alternative to costly onshore gas projects. However, Woodside Petroleum has abandoned plans to develop the Browse project using Shell’s floating LNG technology, while the partners in Indonesia’s Abadi gas project have also dropped plans to use the technology. Woodside will look at alternative floating LNG solutions.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, TRI-ZEN INTERNATIONAL PTE LTD, INPEX CORPORATION, EXXONMOBIL CORPORATION, BERNSTEIN RESEARCH

One thought on “Floating LNG gets a sinking feeling

  1. All Oil Companies (Including Woodside) hopes for a re election of current government and they eventually be allowed to use forging low paid labour. Tony Abbot tried this a year ago but it was voted down in the senate.

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