Prelude FLNG
Prelude LNG to go offline again
The Australian project is facing renewed industrial action
Shell will start shutting down production at its Prelude floating LNG (FLNG) facility in Western Australia (WA) on Wednesday amid ongoing industrial action. The Offshore Alliance union recently rejected a new contract offer from Shell, citing concerns over job security and pay. The 3.6mn t/yr FLNG project—which can also produce an additional 1.3mn t/yr of condensate and 0.4mn t/yr of LPG—has been plagued by technical issues and industrial action and only came back online in mid-April following an extended outage. Shell owns and operates Prelude with a 67.5pc stake, in partnership with Japan’s Inpex (17.5pc), Taiwan's CPC (5pc) and South Korea’s Kogas (10pc). This latest outage comes as East
Also in this section
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
17 December 2024
The incoming administration is expected to quickly change-up the LNG approvals process and boost several major projects to FID. But market fundamentals still matter
