LNG feedgas projects face carbon risk

Australian upstream projects to extend LNG plant lifespans will need to consider carbon emissions impacts

Australian independent Woodside hailed positive market sentiment towards a planned expansion of its Pluto LNG facility as it sealed a supply deal with German utility Uniper in September. But the upstream developments earmarked to supply Pluto Train 2 and to extend the life of existing LNG liquefaction facilities may face cost and carbon emissions challenges beyond the search for renewing and new buyers. Woodside signed a heads of agreement (HoA) with Uniper that foresees a 13-year LNG sale and purchase agreement (SPA) for 0.5mn t/yr from 2021, rising to 1mn t/yr in 2025. The volume increase is contingent on the green light for a second Pluto train and FID on the Scarborough offshore field w

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