Australian independent gas producer Woodside Petroleum expects to reach an agreement with its partners, including Shell and BP, to start preliminary engineering for its A$30bn (US$20bn) Browse LNG project by the end of 2019. However, it has delayed the final investment decision (FID) on the project from late 2020 to the first half of 2021. Woodside expects to begin commercial operations in 2026-2027.
For the US$11bn Scarborough gas project and Pluto LNG expansion, Woodside has accelerated the timeline targetting to make a FID by mid-2020. The sign off depends on an agreement between Woodside and BHP group over processing gas prices from the field at the Pluto plant. The gas field, located 375 km offshore the Burrup Peninsula in northwest Australia, will feed Woodside's 5 Mt/year Pluto LNG exporting facility and its expansion (4-5 Mt/year).
Woodside also said it now aims to sign off on the $11 billion Scarborough gas project and Pluto LNG expansion in early 2020, as opposed to the first half of 2020. The faster timetable for the Scarborough project is dependent on Woodside reaching an agreement with its partner BHP Group on a price for processing gas from the field at the Pluto plant.
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