Floating LNG plant to be built near East Timor  

The ABC reports that Woodside are looking to build a floating LNG production platform for the Sunrise field between Darwin and East Timor (with the East Timorese continuing to lobby vigorously for the plant to be built there) - Floating LNG plant to be built near East Timor

After years of speculation, the Sunrise Joint Venture has finally announced it will build a floating liquefied natural gas processing plant in the Timor Sea. The Greater Sunrise field is in both Australian and Timorese waters, about 700 kilometres north-west of Darwin, and the two countries will have an equal share of royalties.

The floating rig means Darwin will miss out on having a multi-billion dollar plant built there. Operator Woodside Petroleum says after considering on-shore LNG processing in both Darwin and East Timor, the joint venture partners, which include Osaka Gas, Shell and ConocoPhillips, decided a floating plant was the most viable.

Woodside CEO Don Voelte says the decision is a boon for the new but impoverished democracy. "We expect that the selection of a floating LNG processing option will, in addition to generating significant long-term petroleum revenue, provide a broad range of social investment, employment and training opportunities for Timor-Leste."