Scarborough LNG Terminal

From Global Energy Monitor
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Scarborough LNG Terminal is a proposed LNG terminal in Western Australia, Australia.

Location

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Project Details

  • Owner: Woodside Energy 75%, BHP Billiton 25%[1]
  • Location: Onslow, Pilbara, Western Australia, Australia
  • Coordinates: -21.633333, 115.116667 (approximate)
  • Capacity: 7 mtpa
  • Status: Proposed, pre-FID[2]
  • Type: Export
  • Start Year: 2024

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

In March 2019 Woodside Energy acquired ExxonMobil's 75% share in the project for A$444 million.[3] In January 2019 Woodside awarded four contracts for front-end engineering design activities for the project.[4] In March 2020, Macquarie Wealth Management warned that a prolonged collapse in oil prices could result in delays to the Scarborough LNG development.[5] A subsequent report that month by EnergyQuest found that the project could be delayed as a result of the impact of COVID-19 on travel, trade, energy prices, and gas companies.[6]

In March 2020, Woodside announced that it was delaying the final investment decision (FID) for the Scarborough LNG Terminal as part of a package of spending cutbacks estimated at US$32 billion. The company had been compelled to drastically reduce its capital spending plans owing to its plunging stock-market value brought about by turmoil in the oil and gas markets, which was exacerbated by the global coronavirus pandemic.[7]

In April 2021, The Australian Financial Review reported that Woodside was hopeful of getting to FID for the project in the second half of 2021.[2]

Articles and resources

References

  1. Woodside takes over Scarborough from Exxon. FID in 2020, Offshore Energy, March 19, 2018
  2. 2.0 2.1 Jennifer Hewett, Peter Coleman calls time on big new LNG projects, The Australian Financial Review, Apr. 23, 2021
  3. Woodside takes over Scarborough from Exxon. FID in 2020, Offshore Energy Today, Mar. 29, 2019
  4. Australia’s Woodside awards Scarborough contracts, LNG World News, Jan. 16, 2019
  5. Oil Search halts sale talks, cuts spending as global prices collapse Sydney Morning Herald, March 18, 2020
  6. COVID-19 could delay major LNG projects, Business News, Mar. 6, 2020
  7. $32 Billion In Australian Oil And Gas Work Deferred Till Markets Improve, Forbes, Mar. 27, 2020

Related GEM.wiki articles

External resources

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