Karratha Gas Plant, North West Shelf Project <\/p>\n
The Federal Government is showing signs of taking a more interventionist role in ensuring the life of the North West Shelf LNG project is extended, according to a research report. <\/p>\n
The report by resources consultants Wood Mackenzie said the Government was motivated by an NWS life extension being worth up to $US48 billion in additional taxes. <\/p>\n
Industry regulator the National Offshore Petroleum Titles Administrator had written to resource owners in North West waters requesting more information about the viability of prolonging the project, the report said. <\/p>\n
There are signs the Government is becoming more proactive in the sector, and has leverage under the retention lease system to push developments forward, a summary said. <\/p>\n
There are now real drivers pushing for the projects life extension, and conditions are unlikely to get more favourable than what we have now. <\/p>\n
The three-decade-old NWS needs new sources of gas in the 2020s to keep its five production train Karratha Gas Plant going. <\/p>\n
Wood Mackenzie said a life extension development should be able to take advantage of lower costs during the construction phase and a tightening energy market once production began. <\/p>\n
It said a new industry focus on costs and margins had made resource owners more open to sharing third party infrastructure. <\/p>\n
NWS operator Woodside Petroleums preferred option for the Browse joint venture it leads is to pipe the gas to Karratha. <\/p>\n
While citing Browse as the leading candidate, other developments the report identified as potential suppliers were the ExxonMobil-led Scarborough field and the Chevron-led Clio and Acme fields and undeveloped Greater Gorgon fields. <\/p>\n
Woodside in May said the NWS partners had agreed on a proposed toll for resource owners to process gas through the Karratha plant. <\/p>\n
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Government prods producers on extending NWS - The West Australian<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Karratha Gas Plant, North West Shelf Project The Federal Government is showing signs of taking a more interventionist role in ensuring the life of the North West Shelf LNG project is extended, according to a research report. The report by resources consultants Wood Mackenzie said the Government was motivated by an NWS life extension being worth up to $US48 billion in additional taxes Continue reading