The Australian government has granted final environmental approval to Woodside for the North West Shelf Project Extension project, allowing the Australian energy group to continue operating the country’s oldest and second-largest LNG facility, the North West Shelf, until 2070.
Situated in northwestern Australia, the project comprises an extensive network of offshore oil and gas infrastructure, along with an onshore processing facility located in Karratha. The extension comes with stricter emissions requirements aimed at limiting the project’s environmental impact. The project must cut NOx emissions by up to 60% by 2030, compared to current levels. It will also be required to reduce its emissions annually and achieve net-zero greenhouse gas emissions by 2050.
The project began exporting LNG to international markets in 1989 and the facility's original licence was set to expire in 2030. Since its launch, over 6,000 LNG cargoes have been shipped abroad. Woodside is the operator and holds a 33.33% stake in the project. Its partners — BP Developments Australia, Chevron Australia, Japan Australia LNG (MIMI), and Shell Australia — each hold a 16.67% interest.
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