MELBOURNE—Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating LNG (FLNG) project off northwestern Australia over the weekend.
“We can confirm that the first shipment of condensate has sailed from the Shell-operated Prelude FLNG facility. This is another step towards steady state operations,” a Shell spokeswoman said in emailed comments.
Shell had hoped to start generating cash flow from Prelude in 2018, but has yet to start shipping LNG from the project, which was to have been the world’s first floating LNG facility but was beaten by Malaysia’s Petronas.
The company declined to say when it expects the first Prelude LNG cargo.
“The focus continues to be on providing a controlled environment to ensure Prelude will operate reliably and safely now and in the future,” the spokeswoman said.
Shell also declined to comment on a report in the West Australian newspaper which said one factor that has delayed LNG production is a problem with the arms built to transfer LNG from Prelude to tankers alongside the massive vessel.
Prelude, designed to produce 3.6 million tonnes a year, is the last and smallest of eight LNG projects built in Australia since 2012, putting the country on course to overtake top LNG exporter Qatar’s capacity.
Prelude is the world’s biggest floating LNG production unit and the biggest maritime vessel ever built.
Recommended Reading
Venture Global LNG Files Paperwork for IPO
2024-12-20 - Venture Global LNG filed initial paperwork for an IPO on Dec. 20, about a week after the company’s Plaquemines LNG facility started production.
Dividends Declared Week of Dec. 16
2024-12-20 - As fourth-quarter 2024 nears its end, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
Rising Phoenix Names Executive as New Director of Capital
2024-12-19 - Rising Phoenix Capital appointed Ben Fujihara, a tenured financial executive, to oversee the company’s capital strategy, investor relations and business development.
Natron Energy Appoints New CEO
2024-12-17 - Sodium ion battery technology company Natron Energy has appointed Wendell Brooks as the company’s new CEO to lead growth initiatives in 2025.
NOV Appoints Former Denbury CEO Chris Kendall to Board
2024-12-16 - NOV Inc. appointed former Denbury CEO Chris Kendall to its board, which has expanded to 11 directors.