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Floating LNG Figures Fly in Face of Woodside Cost Claims

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23 October 2013

The Western Australian government’s economic and industry standing committee said the return on investment achieved via the use of FLNG would be between 12.5 to 13 per cent, conferring an edge of as little as one percentage point compared to the 11.5 percent ROI for onshore processing.

Fran Logan, deputy chairman of the committee, told a hearing in Perth that the figures came from an unreleased submission prepared by “a major organisation” involved with Browse, most likely either lead developer Woodside Petroleum, or joint-venture partner Shell, which already has extensive experience in the development of floating LNG facilities.

FULL ARTICLE

The Western Australian government’s economic and industry standing committee said the return on investment achieved via the use of FLNG would be between 12.5 to 13 per cent, conferring an edge of as little as one percentage point compared to the 11.5 percent ROI for onshore processing.

Fran Logan, deputy chairman of the committee, told a hearing in Perth that the figures came from an unreleased submission prepared by “a major organisation” involved with Browse, most likely either lead developer Woodside Petroleum, or joint-venture partner Shell, which already has extensive experience in the development of floating LNG facilities.

– See more at: http://sourceable.net/floating-lng-figures-fly-face-woodside-cost-claims/#sthash.56W8o3J1.0R8NRRPr.dpuf

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