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Exxon Mobil Corp, BHP Billiton Ltd Plans Floating LNG Plant Off Australia-Reuters


Tuesday, 2 Apr 2013 02:09am EDT 

Reuters reported that Exxon Mobil Corp and BHP Billiton Ltd are planning to build the floating liquefied natural gas (LNG) vessel in offshore northwestern Australia. The vessel would produce 6 million tonnes to 7 million tonnes per annum (mtpa) of LNG from Australia's Scarborough field, about 220 kilometres (137 miles) from the Western Australian coast, beginning in 2020-2021. Exxon and BHP, which are 50-50 joint venture partners in the Scarborough development, expect to make a final investment on the plant in 2014-2015, Exxon said in the filing. It did not give any cost estimates for the plant. 

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