Andeobu and others published australian and nigerian lng projects. Pluto lng expansion woodside has operated the worldclass pluto lng facility safely and reliably since startup in 2012. The progression of an lng project canadian lng projects canadian lng projects and how our extensive global lng experience can help you assess and manage your lng. The project is a joint venture between woodside, the operator, which has a 90% interest, and tokyo gas five percent and kansai electric five percent, who became project partners in january 2008 and who have 15year sales agreements for the gas. The lax kwalaams reserve, lax kwalaams 1, is approximately 22 km from the project.
How project finance was structured for the lng projects in the past any difference by region or change over time, and why. The pluto lng project processes gas from the pluto gas field in the carnarvon basin about 190km. Woodside picks bechtel for pluto lng expansion offshore energy. Located on barrow island a class a nature reserve gorgon comprises a threetrain, 15. We have provided the following services to projects proponents on a global basis. Jan 18, 2018 woodside petroleum expects to reveal plans for expanding its prized pluto lng project and connecting it to the north west shelf lng complex soon, its chief executive, peter coleman, said on thursday. Woodside said on tuesday it will continue to work with bechtel in preparation for the award of the contract for the frontend engineering and design feed phase. The project was initially expected to come onstream in late 2010, but the first lng cargo was not shipped until may 2012. Project financing of the lng supply chain presentation to the japan institute for overseas investment june 1, 2009. Pluto lng expansion would include installation of additional domestic gas infrastructure to increase capacity to approximately 225 tjd. Proposal for development of a short term construction. Foster wheeler seals woodside pluto lng dealsource. Within mermaid sound, the pluto pipeline was constrained by existing infrastructure. The project was finally put into production in april 2012.
Lng purchase commitment from buyers project finance production startup confirm lenders intention licenses offer nov. November 27, 2019 read more dominion loads 100th commercial lng ship at cove point. The operator for the peru lng gas export project is hunt oil company, a subsidiary of hunt oil peru. How pf arrangement would evolve in the future, reflecting the developments of the underlying lng business environment 3.
Report and a full financial report, reducing the number of pages we print. Jun 01, 2019 to assist vendors in providing compliant materials and equipment to the bayuundan facilities and darwin lng plant, conocophillips has developed a series of technical delivery terms tdts. Prince rupert lng page 2 summary of project description. Jun 10, 20 the safe startup of pluto lng in 2012 was a major milestone for woodside, cementing our status as a leader in australian lng and major supplier of energy to the asia pacific region.
The skills and hard work of our people and their collaboration with our customers and the gladstone community enabled us to successfully deliver the first lng for export from the state of queensland. Pluto lng air quality management plan x0000ah0002 page 2 of 64 december 2019 table of contents acronyms and abbreviations. Project financing of the lng supply chainfinal426942 1. Project approval was granted in 2007 for the development of a single greenfields lng train with associated storage, offloading, utilities and offshore infrastructure. The industry has delivered a number of successful lng to power projects, and many others are at different stages of development. Lng feedgas projects face carbon risk petroleum economist. Introduction quantitative modelling has been applied to assess the consequences of dredging and sediment disposal operations associated with construction of the shipping channel and trunkline proposed for the woodside pluto lng development. Curtis island liquefied natural gas queensland bechtel. The wheatstone platform is the largest offshore gasprocessing platform ever installed in australia, with a topside weight of about 37,000 metric tons, and the largest floatover. The international project consortium for the project consists of hunt oil company of the us 50%, sk corporation of korea 20%, repsol ypf of spain 20% and marubeni corporation of japan 10%. Project structure, cost, and financing the only present way to transport natural gas across ocean distances is to ship it as a liquid at 260of in specially. Lng operator dominion energy has loaded its 100th commercial liquefied natural gas lng ship from its cove.
The future of australian lng exports oxford institute for energy. These tdts have been designed to capture the general technical requirements from the original bayuundan and darwin lng plant project specifications. Revised pluto lng development dredging simulation and impact assessment sinclair knight merz page 1 1. Woodside energy has operated pluto lng safely and reliably since startup in 2012. Financing strategies for lng export projects april 20 2 ramped up their involvement in lending to lng export projects. Pluto lng facility through construction of a second lng train. Aug 24, 2007 contract conclusion of the pluto lng project tokyo gas co.
The facility was originally designed for expansion and thirdparty gas processing. The pyxis hub and julimarbrunello work will come as subsea tiebacks for existing projects, pluto lng and wheatstone lng respectively. Oct 25, 2007 foster wheeler seals woodside pluto lng dealsource. The pluto lng project is located 190km northwest of karratha, in western australia, in the northern carnarvon basin. Despite woodside cuts, sangomar continues news for the. An lng to power project can be structured on several different models, depending on the specific characteristics of the project in question. That means each lng project has got special process that can be compared by noticing the side factors such as situation and place.
Gas from the offshore pluto and xena fields is piped through a 180 km pipeline to pluto lng s single onshore lng processing train located on the burrup peninsula, near karratha in western. Decmil was awarded onshore civil finishing works on site a and b including burrup road access works, dpa security upgrade works and broader civil. Woodside signs hoa with uniper petroleum economist. Png lng project financing exportimport bank of the. The pluto lng project building engineer lindsay weir explains that the village is the largest worker accommodation facility in karratha. The uks port of milford haven, home of the south hook and the dragon lng terminal, is expecting three lng cargo. The pluto lng project is expected to become one of the fastest developed lng projects from discovery of the gas field in 2005 to the production of first gas. To concurrently deliver six lng trains for three customers on a single island is an unprecedented achievement. Jul 19, 2019 woodside developed pluto and xena via a remotely controlled platform, which exports gas via a 36inch subsea pipeline to a 4.
An area for a second train was preprepared in 20072008, and the project has existing primary environmental approvals for an additional train and its supporting infrastructure. Foster wheeler seals woodside pluto lng dealsource reuters. The first cargoes of lng are expected to be delivered in february 2012. Oct 09, 2018 australian lng player woodside has selected bechtel as the preferred execution contractor for the proposed expansion of its pluto liquefied natural gas facility in western australia. Pluto liquefied natural gas lng project, northern carnarvon. If there is one project that the oil and gas industry will probably remember for years to come, that is angola liquefied natural gas or angola lng. Woodsides pluto lng project was the fastest developed lng project, from discovery of the gas field in 2005 to first gas from the field in late 2010 and first lng in 2011. The chevronled wheatstone project, as australias first lng hub concept, is an example of whats possible. Perthheadquartered woodside has moved to put offtake volumes behind its planned pluto lng expansiona project competing in the crowded field of new liquefaction projects targeting a mid2020s startupby inking a heads of agreement hoa for post2020 supply with german gas. These agencies have been shoring up the share of debt that commercial lenders supplied more readily before the global financial crisis that began in 2007. The project processes gas from the pluto and xena gas fields, located about 190km northwest of karratha in western australia, into lng and condensate.
Mitsunori torihara had reached a final agreement for participation in and purchase of liquefied natural gas lng from the pluto lng project being. Investor briefing ichthys lng project presentation material. Woodsides pluto lng project was one of the fastest developed liquefied natural gas project in the world, with first lng delivered in may 2012. With the ability to house more than 1600 people by the end of the year, gap ridge also has a number of firstrate amenities to help workers wind down at the end of a. Project financing of the lng supply chain paul hastings llp. The project will process gas from the pluto and xena gas fields, located about 190km. The lng ships are a key part of the lng chain, providing the link between lng plant and the market.
The pluto lng project is on track to be the fastest developed lng project in the world from discovery of the gas field in april 2005 to the production of first gas in late 2010. Pluto lng leading the way in australias lng development. Hill provided construction consulting services for the pluto delivery team. Sep 17, 2019 woodside signs hoa with uniper australian producer seeks to lock in volumes to underpin pluto lng expansion. Overview freeport lng is constructing a liquefiednatural gas export terminal at its.
Lng plant onshore for conditioning and extraction of natural gas liquids ngls before the remaining gas is liquefied to lng. Two live gas pipelines located to the east had to be avoided, however the real. Pwc s experience in the lng industry can be of assistance to developers or joint venture partners wanting to evaluate canadian lng projects. The pluto lng project is expected to become one of the fastest developed lng projects from discovery of the gas field in 2005 to the production of first gas, anticipated in late 2010. Meth ane, theprincipal constituent, is 600 times denser in liquid form than as a gas at room temperature, and this reduction in volume permits. Finance plan based on sponsors 7030 debt to equity objective. Angola lng, not just another gas project world bank. Gas from the offshore pluto and xena fields is piped through a 180 km pipeline to pluto lng s single onshore lng processing train located on the burrup peninsula, near karratha in western australia. Gorgon is one of the worlds largest lng projects and the largest single resource project in australias history. The final investment decision fid was taken on 27 july 2007.
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