IOCs look upstream for second train at Darwin
20 April 2017
ConocoPhillips is considering developing a second train at its Darwin LNG plant. (ConocoPhillips)
International heavyweights including Shell, PetroChina, Petronas and Eni are collaborating for a chance to develop gas assets offshore northwestern Australia for export through a potential second train at the ConocoPhillips-owned Darwin LNG.
Five joint ventures – comprising 10 Australian and international companies – are participating in a three-month feasibility study to assess the best resource option for the plant’s expansion. This is a show of support for Darwin as a long-term, cost-competitive LNG supply source for Asia and a sign Conoco wants to swiftly progress the concept.
It is also a telling indication of changing market dynamics as former competitors are now working together to develop lowest-cost options for exports into an LNG growth hotspot.
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