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World’s first FLNG approved. Woodside Petroleum has approved Shell’s daring proposal to develop their Timor Sea gas resources via the world’s first floating LNG facility, rather than bringing the gas onshore through a pipeline. The decision ends an argument with Phillips Petroleum, the other partner in the $4.9-billion Greater Sunrise project, which wanted the conventional, proven pipeline transport, partly because it would enable the sharing of infrastructure with its Bayu Undan project, the first Timor Sea field being developed. The decision also hurts the Northern Territory, whose government has long hoped to use gas to develop an industrial base in Darwin.
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