The Wheatstone LNG project is approaching Train 1 construction completion as all modules are on-site and final hook-up and commissioning has commenced.
The Wheatstone LNG project is approaching Train 1 construction completion as “all modules are on-site and final hook-up and commissioning has commenced," the project’s partner Woodside said in its Q4-2016 report.
“The storage and loading system is ready for commissioning and cool-down, with the LNG storage tanks and export loading jetty now complete.”
The project’s first LNG from Train 1 is expected in mid-2017 and from Train 2 six to eight months later, according to the project’s operator, Chevron. “All Train 1 and Train 2 modules are set on their foundations. Installation of piping, electrical and instrumentation continues as planned.”
“We look forward to adding production from Wheatstone in the middle of this year”, Woodside said, adding that Wheatstone is a key component of the Australian company’s near-term growth strategy and “will contribute more than 13 MMBOE of annual production once both trains are fully operational.”
Wheatstone LNG project's partners are: Chevron 64.136%, Woodside 13.000%, KUFPEC 7.000%, Shell 6.400%, PEW 8.000%, Kyushu Electric 1.464%, according to the Global LNG Database
Meanwhile, Woodside has said that strengthening oil price increasing its sales revenue. “Increase in LNG contract prices for Q1 2017 expected due to the strengthening oil price and lag in oil-linked pricing formulas for existing LNG contracts.”
Woodside added that it is in negotiations to sell some 13 uncommitted LNG cargoes during 2017-18, on top of 5 excess 2017 cargoes it sold under a mid-term sales deal for the fourth quarter of last year.
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