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Shell Prelude “White Elephant”

THE TIMES

Shell strike extension to compound energy crisis

Shell’s giant floating gas production plant off Australia is to remain shut until at least early September after strike action was extended, compounding the global supply crunch.

The energy company is likely to face costs of hundreds of millions of dollars from the shutdown of the Prelude floating liquefied natural gas facility as it may have to buy replacement cargoes in the market to supply its customers, analysts said.

Prelude, the biggest floating object ever built, has been out of action since mid-July after workers went on strike in June in a dispute over pay. It is the latest in a long line of problems to affect the plant that is estimated to have cost $17 billion to build and has been labelled a “white elephant”…

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Plus links to some related articles

SHELL PRELUDE WHITE ELEPHANT

https://royaldutchshellplc.com › 2021/12/24 › shell-prel…
Dec 24, 2021 — The 488 meters long, Shell-operated Prelude FLNG unit forms part of an offshore development that produces natural gas from the remote namesake …

Shell’s record-breaking Prelude FLNG: industry trailblazer or …

https://www.upstreamonline.com › lng › shells-record-b…
Jun 7, 2021 — Shell’s record-breaking Prelude FLNG: industry trailblazer or costly white elephant? World’s largest floating liquefied natural gas vessel …
https://www.miningweekly.com › article › shell-worker…
Jul 21, 2022 — It will also lock in a loss of production into the future and cement Prelude’s status as white elephantShell will also encounter major …
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