Collaboration on cards for Santos and GDF Suez LNG amid rising costs
Surging development costs have put the next wave of projects on ice, but gas players are finally teaming up to help trim costs
Australian liquefied natural gas (LNG) developers are primed to join forces in a bid to cut costs following a decision by Santos and GDF Suez to freeze plans for their $10 billion Bonaparte floating LNG (FLNG) scheme. The move heralds a new era as LNG players start to thrash out a strategy to aggregate gas through greater collaboration in waters off Australia as they strive to compete with emerging international producers. The decision to shelve plans for the floater, expected to produce between 2 million and 3m tonnes per year (t/y) of LNG, was commercially, not technically, driven. FLNG has been touted as the solution to the soaring development costs now blighting the next wave of LNG i
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