BMI View: ExxonMobil and BHP Billiton are turning to the floating liquefied natural gas (FLNG) option to monetise gas from the large but remote Scarborough field. It is a testament to the growing appeal of FLNG – a view we had previously highlighted – which could prove to be more cost effective and help companies hedge against the risks of cost blowouts that are becoming increasingly frequent in Australia's LNG development. Such plans could face local opposition, however, as investment could bring minimal economic benefits to the local community.
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