The Board of Royal Dutch Shell is to invest in the Prelude floating liquefied natural gas (FLNG) project in Australia.
The project includes the design and construction of a 48m-long FLNG facility – equipped with storage tanks and weighing around 600,000t – in a South Korean shipyard.
The facility will be installed 200km from the Australia coast to produce gas from offshore fields and liquefy it onboard by cooling.
The Prelude facility is expected to produce about 110,000 barrels of oil equivalent per day, underpinning at least 5.3 million tonnes per year of liquids, comprising 3.6mtpa of LNG, 1.3mtpa of condensate and 0.4mtpa of liquefied petroleum gas.
The facility will be designed to withstand category 5 cyclones and will be moored at the Prelude site for 25 years.