LNG feedgas projects face carbon risk
Australian upstream projects to extend LNG plant lifespans will need to consider carbon emissions impacts
Australian independent Woodside hailed positive market sentiment towards a planned expansion of its Pluto LNG facility as it sealed a supply deal with German utility Uniper in September. But the upstream developments earmarked to supply Pluto Train 2 and to extend the life of existing LNG liquefaction facilities may face cost and carbon emissions challenges beyond the search for renewing and new buyers. Woodside signed a heads of agreement (HoA) with Uniper that foresees a 13-year LNG sale and purchase agreement (SPA) for 0.5mn t/yr from 2021, rising to 1mn t/yr in 2025. The volume increase is contingent on the green light for a second Pluto train and FID on the Scarborough offshore field wh
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment