12-12-2013, 11:37 PM
Kind of makes the PNG LNG project look like a bargain by comparison. Causes me to wonder how much pushback there is in the industry with respect to new capacity. Gives weight to Hession's statement regarding development certainty with Total.
Hession knows blowups:
"Mr Hession's future at Woodside was thrown into focus when the company admitted last month that building an LNG plant at James Price Point, north of Broome, would not be economically viable. Instead it has all but confirmed that it will pursue FLNG as Browse's development concept.
"Woodside has not revealed the likely development cost of the James Price Point option. But industry sources have suggested the life-of-project budget could eclipse $80 billion, for a gas field only a third the size of Chevron's 40 trillion cubic feet of gas, $US52 billion Gorgon development."
http://au.news.yahoo.com/thewest/busines...oss-quits/
Hession knows blowups:
"Mr Hession's future at Woodside was thrown into focus when the company admitted last month that building an LNG plant at James Price Point, north of Broome, would not be economically viable. Instead it has all but confirmed that it will pursue FLNG as Browse's development concept.
"Woodside has not revealed the likely development cost of the James Price Point option. But industry sources have suggested the life-of-project budget could eclipse $80 billion, for a gas field only a third the size of Chevron's 40 trillion cubic feet of gas, $US52 billion Gorgon development."
http://au.news.yahoo.com/thewest/busines...oss-quits/