Shell's Bold Play- Prelude LNG Revamp Trimmed to Meet Winter Demand Surge: Report
09.08.2023 By Tank Terminals - NEWS

September 8, 2023 [Benzinga]- Shell PLC reportedly considered temporarily halting operations at its flagship floating LNG production platform Prelude offshore Australia to cater to some maintenance works and repairs.

 

Prelude – the world’s largest floating liquefied natural gas facility offshore Australia, has suffered a string of outages since it started production in June 2019, Reuters reported, citing three industry sources familiar with the matter.

The maintenance schedule, which started this month, will last two months. Shell ditched its extended one-year plan for maintenance works and opted for the shorter two-month program to capture strong industry gas demand, Reuters added.

The decision will allow the plant to gain from the winter demand in the northern hemisphere, including China and Europe.

However, as Shell opted for a “quick fix,” the 3.6-million-ton-per-year LNG plant could continue encountering operational issues, the report added.

On May 12, the company stopped production at its Prelude floating LNG facility due to problems with its processes, according to a Reuters report.

During its Q2 results, Shell said that total oil and gas production increased by 6% Y/Y in the first half of the year due to lower maintenance in Pearl GTL, Prelude, Trinidad and Tobago.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More