Gas monster on line
ROYAL Dutch Shell has shipped the long-awaited first cargo of liquefied natural gas from its massive Prelude floating liquefied natural gas plant.
The shipment from the plant, off Australia’s northwest coast, cements the nation’s position as the world’s top exporter of the fuel. Prelude’s start-up marks the end of a $200 billion LNG construction boom in Australia over the past decade, during which eight plants were built on the east and northwestern coasts.
The first cargo had been targeted for 2018, but was delayed as the company tackled a string of teething problems at the world’s biggest floating vessel. At 490m long, the ship stretches to almost three times the length of the MCG surface and is as big as six large aircraft carriers.
Shell declined to comment on how much Prelude cost, but consultancy Wood Mackenzie estimates about $17 billion.