Bonaparte LNG Terminal
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Bonaparte LNG Terminal is a proposed LNG terminal in Western Australia.
Contents
Location
Project Details
- Owner: GDF Suez (60%), Santos (40%)
- Parent: Santos, Engie
- Location: Bonaparte Island, Western Australia, Australia
- Coordinates: -14.855412, 124.768939 (approximate)
- Capacity: 2 mtpa, 0.29 bcfd
- Status: Cancelled
- Type: Export
- Start Year:
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Bonaparte LNG Terminal is a proposed floating LNG terminal in Western Australia.[1] Plans for building Bonaparte LNG coincided with the development and production of Petrel, Tern and Frigate gas fields in the Bonaparte basin in the Timor Sea. The Bonaparte basin one of the main natural gas-producing regions in Australia.
In June 14, 2014 Bonaparte LNG announced it would likely drop plans for a floating facility that would ship gas back to land from the Bonaparte basin and instead opt for a more traditional pipeline from Bonaparte LNG approximately (155 miles (250 kilometers) inland to onshore on the town of Darwin.[2]
Reuters reported in 2017 about the general trend for cheaper alternatives to FLNG. FLNG were popular in the early 2010s when gas demand and prices rose, and before the US shale boom pushed down gas prices. Approximately 8.6 billion cubic feet per day of U.S. gas is estimated to enter the market by 2020. FLNGs also face massive costs of building a tanker that is a fraction of the size of onshore facilities.[3]
Santos Bonaparte LNG is one of several an upstream owners of Darwin LNG Terminal.
As of 2017, Australia is the second largest LNG exporter after Qatar. The country exports almost 44 million tons a year.[4]
In February 2018 it was reported that Santos was considering exporting Bonaparte Basin gas through the Darwin terminal.[5] With no progress since 2014, the Bonaparte LNG Terminal appears to be cancelled.
Articles and resources
References
- ↑ Bonaparte LNG Terminal, A Barrel Full, accessed April 2017
- ↑ "Santos and GDF Suez Considering New Options for Bonaparte LNG," June 19, 2014.
- ↑ , Reuters, "Floating Liquefied Natural Gas production bows out as U.S. exports roil market," Reuters, March 9, 2017.
- ↑ Qatar Moves to Ensure LNG Dominance, Arab Gulf States Institute in Washington, April 17, 2017.
- ↑ Exploration & Production of Bonaparte LNG in focus as Santos targets Asia, Interfax, Feb. 23, 2018
