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Royal Dutch Shell News 4 December 2018

Jessica Jaganathan: DECEMBER 4, 2018

SINGAPORE (Reuters) – Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday.

“We continue to progress Prelude towards operations, with safety and quality being our main focus … We expect to see production around the end of the year,” she told Reuters in an emailed statement.

Prelude – which will process natural gas produced offshore northern Australia and export it as LNG – is expected to have an annual LNG production capacity of 3.6 million tonnes. It will also produce 1.3 million tonnes a year of condensate and 400,000 tonnes a year of liquefied petroleum gas (LPG).

Shell first decided to go ahead with the project in 2011. After long delays, it introduced gas to the 490 meter-long (1,600 ft-long) Prelude FLNG for the first time earlier this year as part of the cooling process before start-up.

It subsequently received a second LNG cargo in early October, Refinitiv Eikon data showed. Before an LNG project goes into commercial operation, a cargo is typically imported to cool down its production train.

Shell owns 67.5 percent of the Prelude FLNG project. Japan’s Inpex Corp, Taiwan’s CPC Corp and Korea Gas Corp hold the rest of the shares.

Reporting by Jessica Jaganathan; Editing by Tom Hogue

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By: , SA News Editor

Gas production at the earthquake-prone Groningen field will drop by at least 75% to below 5B cm/year in the next five years, the Dutch government says, as measures to reduce demand for Groningen gas are working ahead of schedule.

The government decided this year to shut down in 2030 what was once Europe’s largest natural gas field, citing several earthquakes over decades of extraction that damaged thousands of homes and buildings.

Production is set to drop to 19.4B cm in the year that began in October, already down 65% from its peak of 54B cm in 2013.

Gas company NAM, which runs the Groningen field, is a joint venture of Royal Dutch Shell (RDS.ARDS.B) and Exxon Mobil (NYSE:XOM).

Earlier: Dutch government to cut Groningen gas production, eventually to zero (Nov. 14)

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