Shell and its partners have decided to postpone the final investment decision (FID) for the Crux gas project in northwestern Australia. The FID was initially expected in 2020, with the construction of offshore installations (platform and gas pipeline to the Prelude FLNG) starting in 2020 and operations in 2025. However, the fall in oil prices, declining markets and the global economic downturn have prompted partners to delay the project.
The Crux gas project is owned by Shell, Osaka Gas and a unit of Seven Group Holdings. Its reserves are estimated at 2 Tcf (57 bcm) of gas and 70 mbl of condensate. The project would be developed to supply backfill gas (LNG, LPG and condenstate) to the 3.6 Mt/year (or 4.8 bcm/year) Prelude Floating Liquefied Natural Gas (Prelude FLNG) off Western Australia, which reached full operation capacity in 2019 and exported its first LNG cargo in June 2019.
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