An illustration of the completed Prelude FLNG. Photo: Royal Dutch Shell
The 600,000 tonnes Prelude FLNG facility, the largest offshore facility ever constructed, is nearing completion at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea.
Once completed, the floating liquefied natural gas (FLNG) facility will be moored off Western Australia for a period of 20 to 25 years where it will be used to chill natural gas produced at the Prelude field to –162°C (-260°F), shrinking its volume by 600 times so it can be exported to customers in Asia.
Once operational, the Prelude FLNG facility will produce at least 5.3 million tonnes (mtpa) per annum of liquids: 3.6 mtpa of LNG, 1.3 mtpa of condensate (equivalent to 35,000 bbl/d) and 0.4 mtpa of liquefied petroleum gas (LPG).
Sellers of Iranian oil to China are offering deeper discounts this month as they look to reduce inventories and as independent refiners slow their buying due to a jump in crude prices, traders and analysts said.
The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving lenders an opportunity to invest in one of the cornerstones of Prime Minister Narendra Modi’s infrastructure overhaul.
China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people familiar with the matter, in an effort to ease Beijing’s concerns over the controversial deal.
June 18, 2025
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