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Tolling Price for Pluto LNG Train 2 Agreed
= Woodside-BHP talks on gas supply from Scarborough field move forward =
Australia's Woodside Petroleum and BHP have agreed on liquefaction tolling price for the second LNG train of the Pluto LNG production project. The train will use natural gas from the Scarborough offshore field owned by the two companies. They intend to continue discussion and reach a final agreement by the end of the first quarter of 2020.

The Scarborough gas field is invested 75% by Woodside and 25% by BHP. Woodside is also involved in Pluto LNG Train 2 expansion project as the project operator and has been talking with BHP on natural gas supply from the Scarborough field.

The Pluto project has already commenced operation of the first LNG train with a capacity of 4.8 million mt per annum, and is planning to add a 5-mtpa second train using gas from the Scarborough.

Once reaching a final agreement with BHP, Woodside intends to make a final investment decision in the first half of 2020 and start production in 2024.

Woodside is also promoting LNG sales and has inked a 0.5-mtpa LNG sale and purchase agreement with Indonesia's Pertamina. It also reached Memorandums of Understanding (MOUs) with China's ENN and German Uniper to supply 1 mtpa of LNG each.

On 11th this month, it made an FID for construction of a pipeline between the Pluto terminal and another Woodside-operated North West Shelf (NWS) terminal. Woodside is considering to build a integrated production base the Burrup Hub consisting of the two LNG terminals, the Scarborough field and the Browse gas field to be developed for the NWS project.
last modified : Tue 26 Nov, 2019 [10:47]
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