Sunrise Floating LNG Terminal
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Sunrise Floating LNG Terminal is a proposed LNG terminal located in the Greater Sunrise gas fields between Timor-Leste and Australia.
Contents
Location
Project Details
- Owner:
- Parent: Timor-Leste 56.56%; Woodside Petroleum 33.44%, Osaka Gas 10%
- Location: Timor Sea, Australia and Timor-Leste
- Coordinates: -10, 127 (approximate)
- Capacity: 3.6 mtpa, 0.52 bcfd
- Status: Proposed
- Type: Export
- Start Year:
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Sunrise Floating LNG Terminal is a proposed LNG terminal in East Timor and Australia.[1]
The Sunrise LNG Terminal would be located at the Sunrise and Troubadour fields. The fields are located approximately 93 miles south-east of East Timor and 280 miles north-west of Darwin. They hold 5.13 trillion cubic feet of gas and 225.9 million barrels of condensate.[2]
Rigzone reported on February 2016 that Sunrise development had stalled on the account that the Australia and East Timor governments had yet to agree on their maritime borders.[2]
Forbes reported in 2016 Greater Sunrise’s gas reserves are potentially worth more than $8 billion to East Timor.[3]
In October 2018 ConocoPhillips sold its 30% share in the Sunrise gas project to the government of Timor-Leste for $350 million, and in November 2018 Shell Australia sold its 26.56% share in the gas project to the government of Timor-Leste for $300 million.[4]
As of 2017, Australia is the second largest LNG exporter after Qatar. The country exports almost 44 million tons a year. [5]
Articles and resources
References
- ↑ Sunrise Floating LNG Terminal, A Barrel Full, accessed April 2017
- ↑ 2.0 2.1 Chee Yew Cheang, "Timor-Leste Prepares for Sunrise Project Even as Development Stays Elusive," Rigzone, February 15, 2016.
- ↑ Damon Evans, "East Timor's Gas Dream Is Doomed, ConocoPhillips And Woodside Have Failed," Forbes, December 12, 2016.
- ↑ Shell sells 26.56% stake in Greater Sunrise to East Timor for $300m, S&P Platts Global, Nov. 22, 2018
- ↑ Diane Munro, [http://www.agsiw.org/qatar-moves-ensure-lng-dominance/ "Qatar Moves to Ensure LNG Dominance ,"] Arab Gulf States Institute in Washington, April 17, 2017.
