A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A score of ANZ Banking Group machines sprawled across six capital cities were plastered with "out of order" signs on Sunday after campaigners launched their latest bid to draw attention to the bank's funding of the coal industry.
Re Barnett on Canning at JPP,"If there were to be a domestic gas component of the Canning Basin and at some stage an export component also, then this does not preclude a site for export. I think what would happen is that the Canning Basin would negotiate to have an LNG facility within James Price Point."
ReplyDeleteOn Buru's map the pipeline runs to Karratha to join up with the domestic supply.
Why run a pipe to JPP when they could process from Karratha?
Exporting from there would be way cheaper.
As we know the KLC were saying years ago in answer to the question,"why does it have to be JPP?", - they replied "because there is so much gas in the Canning Basin,and it has to be processed somewhere."
Well that was back when they dreamed JPP would be "the ideal site."
As we now know it isn't.
In fact it is so bad as to be a curse on all who want to destroy it.
Doesn't have to be the Burrup either,Apache built theirs 40 klms south at Devil Creek.
DeleteCHECK THIS OUT!
ReplyDeleteGolar are converting LNG ships to FLNG.
Great for companies who can't afford a land based plant or a huge FLNG barge like Shells.
("Golar" or "the Company") announced today that it has reached agreement for the development of the Company's first floating liquefied natural gas vessel (FLNGV). The agreement is with Keppel Shipyard Limited ("Keppel") and is based on the conversion of existing Moss LNG carriers of which Golar owns three potential candidates
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The target gas supply for these units will be pipeline quality gas, lean associated reserves and, potentially, lean gas from otherwise stranded fields. The floating solution gives customers increased flexibility, quicker development times and the unique ability to develop reserves that are currently uneconomic. It further gives them an opportunity to capitalize on the large global gas spreads and the attractive economics associated with gas as an energy resource.
The first FLNGV will have a capacity of up to 2 million tonnes per annum and will utilize the existing 125,000 cubic meters of LNG storage on board the carrier. Keppel will start the FEED study in November and detailed design and engineering is expected to be concluded around mid-2013 when vessel conversion is expected to start. The first unit will be developed through several construction stages in order to accommodate customer requirements and is expected to be ready for production by Q1 2015. Golar retains the option to convert two additional vessels with Keppel under the same agreement. The Company sees its partnership with an experienced shipyard and a production plant provider with significant LNG experience as valuable for minimizing technical risk in the project.
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Golar's Chairman John Fredriksen said, "Golar helped to open up the LNG market through the introduction of floating receiving terminals which have opened a lot of new markets for LNG. Our FLNGV's will be able to provide a fast-track, cost effective solution for developing new LNG production capacity. We believe this technology will be extremely attractive to companies looking to develop their natural gas assets and we are actively pursuing multiple opportunities. It is Golar's intention to market the solution for field developments as well as for direct production from existing pipeline infrastructure. The Board sees particular opportunities in the African region, where gas prices remain low. Significantly, large quantities of gas are currently being flared and the infrastructure doesn't naturally support large land based LNG investments. The Board is excited about the new business line and sees massive opportunities for growth in the next five to ten years".
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As Slugcatcher observed recently,"the future ain't what it used to be."
BG GROUP SHOWING THE STRAINS OF MEGA EXPENSIVE LAND BASED LNG PLANTS.
ReplyDeleteBRITISH gas giant BG Group has not ruled out a further selldown of its Queensland Curtis LNG project at Gladstone after this week's $US5 billion ($4.8bn) deal to sell a 20 per cent stake in the project to China's state-owned National Offshore Oil Corp.
The deal was revealed on Wednesday night by BG, along with third-quarter earnings that contained a shock downgrade in production forecasts from operations outside Australia that sent the company's share price tumbling 14 per cent in London to the biggest one day fall since listing in the 1980s.
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Ann Pickard has bulked up her Shell Australia executive team by recruiting one of the chief lieutenants from her time running the Anglo-Dutch giant's Nigerian unit.
Perth-born Peter Robinson, who has spent the past 20 years working for Shell's downstream and international operations, has returned to WA to take up the role of vice-president upstream, Shell Australia. The role will include responsibility for part of Shell's expanding Australian LNG portfolio, including its increased stake in the Woodside Petroleum-operated Browse LNG development. His recruitment highlights the increased scope of Shell's upstream ambitions in Australia since Ms Pickard took over as country chair three years ago.
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Shell's move in August to buy out Browse partner Chevron to increase its stake to 26 per cent sparked talk it would put pressure on Woodside to pursue a floating LNG solution for the huge gas fields off the Kimberley. On top of perceived cost advantages over a land-based development at James Price Point, some analysts argue an FLNG proposal would end an ugly confrontation with environmentalists and parts of the Broome community opposed to bringing the Browse gas onshore.
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Downstream manufacturing in WA has taken another hit, with Incitec Pivot quietly dropping a proposal for a major new explosives plant on the Burrup Peninsula that could have cost as much as $800 million.
Incitec had planned a 350,000 tonne-a-year operation, next door to the Yara International-owned ammonium plant near Karratha.
But this week Incitec withdrew its application for environmental approval for the proposed plant, and ended feasibility studies.
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Nov 1 (LNGJ) - Two US Democratic senators from the state of Oregon has asked the US Federal Energy Regulatory Commission to extend by two months until January 8 the deadline for comments on the scope of the FERCs environmental review of the Oregon LNG export project. The Oregon LNG project is one of two seeking development permits on the US Pacific coast, the other being Jordan Cove LNG.