Equus FLNG Terminal

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Equus FLNG Terminal is a proposed floating liquid natural gas (FLNG) terminal in Onslow, Western Australia, Australia. There have been no updates in over 2 years and the project is presumed shelved.

Location

The terminal would be offshore Onslow, Western Australia, Australia.

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Project details

  • Owner: Western Gas[1]
  • Parent: Western Gas
  • Location: Onslow, Western Australia, Australia
  • Coordinates: -21.633333, 115.116667 (approximate)
  • Capacity: 2 million tonnes per year / 0.29 billion cubic feet per day
  • Status: Shelved
  • Type: Export
  • Cost: US$3-4 billion[2]
  • Start Year: 2024

Background

In December 2018 Western Gas signed a memorandum of understanding (MOU) with McDermott and Baker Hughes to develop the Equus gas project offshore northwest Western Australia. The project includes a 2 mtpa floating LNG terminal, Equus FLNG, and the 160-km Equus Gas Pipeline.[3] The overall project costs are estimated to be between US$3 billion and US$4 billion.[2] In September 2019 Western Gas was reported to be seeking a partner for the project and appointed Goldman Sachs as an advisor.[4]

In April 2020, gasworld reported speculation that Western Gas was likely to delay the project due to LNG demand uncertainty caused by the COVID-19 pandemic.[5]

There have been no updates in 2 years and the project is presumed shelved.

Articles and resources

References

  1. Equus Gas Project. Western Gas. Accessed May 2022.
  2. 2.0 2.1 Angela Macdonald-Smith, LNG players in talks for $US4b WA project, The Australian Financial Review, Jan. 6, 2019
  3. Western Gas signs MOU for Equus gas project off Western Australia, Oil & Gas Journal, Dec. 14, 2018
  4. Western Gas seeks partner for Equus LNG project off Western Australia, Reuters, Sep. 10, 2019
  5. Joanna Sampson, Falling oil and gas prices and Covid-19 hit Australia’s flourishing LNG sector, says GlobalData, gasworld, Apr. 23, 2020

Related GEM.wiki articles

External resources

External articles