Shell 'Prelude' Floating Liquefied Natural Gas Terminal

By Admin
The natural gas industry is booming, but it's not just shale thats getting energy investors excited. Offshore natural gas reserves are massive, and...

The natural gas industry is booming, but it's not just shale that’s getting energy investors excited.  Offshore natural gas reserves are massive, and Australia in particular is gearing up to exploit such resources.  The only problem, however, is that offshore liquefied natural gas (LNG) production can prove difficult and costly, shying many energy companies away from large-scale ventures.  Royal Dutch Shell, however, has created a solution that will make offshore LNG production economical.

Shell has spent the last 15 years and $500 million on research and development to create its ‘Prelude’ Floating Liquefied Natural Gas (FLNG) terminal.  Once completed, the Prelude will be the world’s largest offshore facility.  The craft—essentially a gigantic ship with LNG storage capability—will be six times larger than the world’s largest aircraft carrier and weigh 600,000 tons. 

SEE OTHER TOP STORIES IN THE WDM CONTENT NETWORK

Streamlining Inspection of Oil & Gas Well Sites & Processing Facilities

Consensus Building for Arctic Offshore Oil & Gas Drilling

Read the latest edition of Energy Digital

Prelude is expected to begin service in 2016, moored 125 miles off the coast of northwestern Australia to exploit the major reserves held in the Browse Basin.  The basin is presumed to hold as much as 100,000 billion cubic feet of natural gas (equivalent to five times the average annual gas consumption of the U.S.).

Shell estimates that there is roughly 300,000 cubic feet of large recoverable offshore LNG reserves globally.  LNG demand is predicted to grow at a conservative rate of five percent per year, with other estimates looking at double-digit growth.

Share

Featured Articles

Data Centre Demand Putting Pressure on Energy Capabilities

Utilities in the US are predicting a tidal wave of demand for data centres thanks to the boom of AI, which, in turn, will dial up the need for electricity

Q&A with Hitachi Energy’s EVP & Head of North America

Anthony Allard, who heads up Hitachi Energy as Executive Vice President and Head of North America, shares why the grid is holding us back from clean energy

OMV Takes Strides in Energy Efficiency & Emissions Reduction

Austrian multinational integrated oil, gas & petrochemical company OMV continues its sustainability mission, and reports Scope 1 & 2 emissions are down 25%

Q&A with RAIN Alliance President and CEO Aileen Ryan

Technology & AI

Who is Greg Joiner, the new Head of Shell Energy?

Oil & Gas

Watershed Workshop at Sustainability LIVE: Net Zero

Sustainability