Before we embark on our next gas-fired recovery, it might be worthwhile checking in to see how the last one is going. So here is an around the country tour of the #LNG boom starting in Queensland. 1/11
Building 3 plants next to each other on Curtis Island at the same time was outrageously wasteful. @Santos& #39; Gladstone plant has never been full and gas supply will only tighten, so let& #39;s not assume new east coast supply will help the local market. 2/11 https://www.afr.com/companies/energy/onethird-of-qlds-lng-industry-at-risk-of-closure-by-2025-report-20190220-h1bhdd">https://www.afr.com/companies...
@SantosLtd has just taken over the Darwin LNG plant that is likely to be empty in a few years when gas from Bayu Undan dries up. The partners have had a decade to plan a new supply and all they have is the possibility of Barossa, that is full of CO2. 3/11 https://www.boilingcold.com.au/santos-dirty-big-2b-barossa-bet/">https://www.boilingcold.com.au/santos-di...
Next door is the $US45B Ichthys LNG run by @Inpex that started its offshore operations knowing it had a raft of safety problems, and this week is slashing its operational staff. Fingers crossed for the safety of the workers. 4/11 https://thewest.com.au/business/energy/secret-docs-reveal-deadly-blast-risk-at-63b-lng-plant-ng-b881069411z">https://thewest.com.au/business/...
@Shell& #39;s $US17B Prelude floating LNG is only 20km from the Ichthys offshore facilities, but of course was developed separately, as inter-company rivalry trumps all again. It was to be a technical marvel but has been a disaster so far. 5/11 https://www.boilingcold.com.au/after-prelude-few-win-from-shells-floating-lng/">https://www.boilingcold.com.au/after-pre...
@WoodsideEnergy& #39;s North West Shelf, the original Australian LNG project, could be up to 40% empty in 7 years, according to @WoodMackenzie. It only has tentative agreements for some small gas supply. Browse, that was to fill NWS, is as dead as a dodo. 6/11 https://www.boilingcold.com.au/woodside-browse-lng-is-dead/">https://www.boilingcold.com.au/woodside-...
@Chevron wants to sell out of the North West Shelf but finding a buyer for an old, inefficient project with a huge decommissioning liability and no certainty of gas supply may be a bit tricky. 7/11 https://www.boilingcold.com.au/chevrons-north-west-shelf-sales-pitch-missed-8-key-points/">https://www.boilingcold.com.au/chevrons-...
Pluto sits next to NWS. Plans to keep it full and expand with Scarborough gas were uneconomic even before COVID. 8/11 https://www.boilingcold.com.au/woodsides-scarborough-lng-was-uneconomic-before-price-crash-woodmac/">https://www.boilingcold.com.au/woodsides...
@Chevron is busy trying to get the dodgy welds at its $US54B Gorgon LNG project fixed, but can& #39;t seem to do simple things like weld procedures properly. 9/11 https://www.boilingcold.com.au/chevrons-fix-of-gorgon-lng-cracks-to-take-longer/">https://www.boilingcold.com.au/chevrons-...
And of course, there are the infamously late attempts to reinject Gorgon& #39;s CO2 under Barrow Island. 10/11 https://www.boilingcold.com.au/chevrons-dodge-on-gorgon-carbon-pollution-rejected/">https://www.boilingcold.com.au/chevrons-...