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Oil & Gas IQ: LNG - Liquefied Natural Gas

FLNG Nears Tipping Point After Woodside Petroleum Move

Posted: 04/16/2013

Woodside Petroleum’s move to cancel plans for a $45 billion liquefied natural gas project in Western Australia has sent shockwaves in different quarters of the oil & gas industry.

Could this be a signal on how an important energy resource is going to be produced in the near future?

According to a report from the New York Times, Woodside Petroleum, Australia’s largest independent oil and gas company, "would instead consider a floating L.N.G. plant after deciding the onshore development did not make economic sense."

In this report Darwin Jayson Mariano investigates.


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Posted: 04/16/2013