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Equus FLNG Terminal was a proposed floating liquid natural gas (FLNG) terminal in Onslow, Western Australia, Australia. As of May 2024, there have been no development updates in over 4 years and the project is presumed to be cancelled.
Location
The terminal was proposed to be offshore Onslow, Western Australia, Australia.
Project details
- Owner: Western Gas[1]
- Parent company: Western Gas
- Location: Onslow, Western Australia, Australia
- Coordinates: -21.633333, 115.116667 (approximate)
- Capacity: 2 mtpa / 0.29 billion cubic feet per day
- Status: Cancelled[2]
- Type: Export
- Cost: US$3-4 billion[3]
- Start year: 2024
Background
In December 2018 Western Gas signed a memorandum of understanding (MOU) with McDermott and Baker Hughes to develop the Equus gas project offshore northwest Western Australia. The project includes a 2 mtpa floating LNG terminal, Equus FLNG, and the 160-km Equus Gas Pipeline.[4] The overall project costs are estimated to be between US$3 billion and US$4 billion.[3] In September 2019 Western Gas was reported to be seeking a partner for the project and appointed Goldman Sachs as an advisor.[5]
In April 2020, gasworld reported speculation that Western Gas was likely to delay the project due to LNG demand uncertainty caused by the COVID-19 pandemic.[2]
In December 2022, Western Gas said it had partnered with participants of North West Shelf project and Woodside Energy's Pluto LNG plant to annually process up to 3 million tonnes of low carbon dioxide gas from the Equus gas project off Western Australia for LNG export from 2027. The agreement does not state that there will be a new Equus FLNG project, but rather that gas will be processed at these existing LNG facilities.[6][7] Western Gas's project page still does not mention an LNG facility.[8]
As of May 2024, there have been no development updates in over 4 years and the project is presumed cancelled.
Articles and resources
References
- ↑ Equus Gas Project. Western Gas. Accessed May 2022.
- ↑ 2.0 2.1 Joanna Sampson, Falling oil and gas prices and Covid-19 hit Australia’s flourishing LNG sector, says GlobalData, gasworld, Apr. 23, 2020
- ↑ 3.0 3.1 Angela Macdonald-Smith, LNG players in talks for $US4b WA project, The Australian Financial Review, Jan. 6, 2019
- ↑ Western Gas signs MOU for Equus gas project off Western Australia, Oil & Gas Journal, Dec. 14, 2018
- ↑ Western Gas seeks partner for Equus LNG project off Western Australia, Reuters, Sep. 10, 2019
- ↑ Reuters. Western Gas partners up to process gas from Australia's Equus LNG project. December 19, 2022.
- ↑ LNG Prime Staff (2022-12-20). "Woodside and partners ink deals to liquefy Equus gas at Pluto and NWS LNG plants". LNG Prime. Retrieved 2023-07-20.
- ↑ Western Gas. Equus Gas Project. Accessed July 2023.
