Air Products to supply technology for Australia floating LNG project

30 June 2011 19:52  [Source: ICIS news]

HOUSTON (ICIS)--Air Products has been selected to supply its heat exchanger technology to Shell’s floating liquefied natural gas (LNG) project in Australia, the US-based industrial gases major said on Thursday.

Air Products said Shell’s project will use its cryogenic coil wound LNG heat exchanger. It did not provide details about financial terms or the project’s planned start-up date.

Shell’s floating LNG plant, the first of its kind in the world, will be in the Browse Basin off the northwest coast of Western Australia. In May, Shell announced a final investment decision to move forward with the project.

For Air Products, which has wide experience in conventional LNG plant technology, floating LNG projects will be a new market segment, it said.

Floating LNG plants can be placed directly over offshore gas fields, thus dispensing with long-distance pipelines and an extensive onshore infrastructure.

As a result, energy firms should find it easier to “monetise” stranded natural gas fields located offshore around the globe.

For more on Air Products, Shell and other producers visit ICIS company intelligence

By: Stefan Baumgarten
+1 713 525 2653

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