Asia Pacific: Trade
Australia’s Wheatstone LNG project is set to start operations by early September, supporting further growth in LNG exports from the country ahead of the northern hemisphere winter.
The Chevron-led Wheatstone LNG plant is on course to start operations in August/September. This will see flows from Train 1 begin to supply the market in the coming weeks and ramp up over the northern hemisphere winter. This will support growth in Australian LNG exports and provide more supplies to the spot market during Northeast Asia’s peak winter demand period. Wheatstone Train 2 is scheduled to be commissioned in Q2 or Q3 next year. The two-train facility will have a total capacity of 8.9 mtpa when fully commissioned. Elsewhere, the Prelude FLNG vessel is scheduled to start operations within the next six months, which could see cargoes from the facility hit the market by the peak winter demand period in Q1 2018.