Shell's Prelude Still Off Line

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Production has yet to resume at Royal Dutch Shell’s flagship floating LNG facility Prelude in Australia after a fire last week on the flagship vessel. The shutdown comes at a time of supply concerns, seasonally strong demand and record-high LNG spot prices in Asia and Europe.

LNG Spot Trade, Gas Supply, LNG Supply, LNG Spot Trade
Wanda Ad #2 (article footer)
Escalating prices on construction, labor and capital are eating into North American LNG economics, causing low-cost project economics to deteriorate.
Tue, Oct 3, 2023
Iraq says it has sweetened terms for two upstream bid rounds as it emerged that China's Sinopec is abandoning a gas development contract it was awarded in 2021.
Tue, Oct 3, 2023
Spot LNG prices in Northeast Asia fell 20¢ to $14.30 per million Btu, while prices in Europe fell $3.2 to $11.3/MMBtu.
Tue, Oct 3, 2023