Shell's First Floating LNG Tech. Arrives in Australia

Shell Australia's Prelude floating liquefied natural gas (FLNG) facility, the first deployment of Shell's FLNG technology, arrived in Australian waters on Tuesday, the company announced.

Prelude FLNG will see a 488 meter-long floating facility extracting and liquefying gas at sea, before it is exported to customers around the globe.

Shell expects to see cashflow from the project during 2018.

Shell awarded a majority of Prelude contracts to Australian contractors, including that awarded to Australian engineering company Monadelphous for maintenance and modification services valued at $200 million, according to Shell Australia's Chairman Zoe Yujnovich.

The project will employ 260 local workers on board the facility during operations and create over 1,500 jobs during the hook-up and commissioning phase of the project, Shell said.

(Anadolu Agency)

EVENTS 1st Greek-Turkish Energy Forum Decarbonization Policies in South East Europe – between climate change and war

ADVISORY SERVICES Green Bonds

PUBLICATIONS The Greek Energy Sector 2023 South East Europe Energy Outlook 2021/2022 Long-Term Gas Contracting Terms, definitions, pricing - Therory and practice More

COOPERATING ORGANISATIONS IEA Energy Institute Energy Community Eurelectric Eurogas Energy Management Institute BBSPA AERS ROEC BPIE