Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Industry / Australia

LNG Ltd To Start FEED At Fisherman's Landing

September 2009 | Project News

Now that the partners in the giant Gorgon liquefied natural gas (LNG) project off Western Australia have made a final investment decision (FID) on the development, the fate of other LNG projects in Australia and the wider region is uncertain. With the sheer scale of Gorgon, which will produce 15mn tonnes per annum (tpa) of LNG, dwarfing other projects in the area, and concerns that Asian gas demand may not grow as quickly as LNG supply in the Pacific Basin, we expect to see some cancellations, or at least consolidation, among the 27 or so planned LNG export projects in the Asia Pacific region.

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