LNG (LIQUIFIED NATURAL GAS)

Howard knocks back support for onshore Gorgon move

John Howard almost made it out of WA without entering the Gorgon Gas Project debate, along with t...

Howard knocks back support for onshore Gorgon move

Recently the WA Greens, along with sporadic support from the State Government and opposition, has floated the idea that the Federal Government would fund the relocation of the $6 billion project onto the mainland, after the project partners said it would cost $1 billion to move.

The proposal put forward called for the government to forgo around $1 billion in royalty payments, which would enable the partners to commit greater sums to the field development, including a move onshore.

However, Howard rejected the idea while the field operator ChevronTexaco said any move could affect the commerciality of the whole project.

The partners had assessed Barrow Island, Thevenard Island, the Burrup Peninsula, Maitland Estate and two sites in the Montebello's before deciding that Barrow met all applicable criteria.

The next step for the partners is to negotiate enough foundation contracts for its estimated 12.9 trillion cubic feet of gas before development can begin.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry