The deferral of the Browse floating LNG (FLNG) project offshore Western Australia reflects market conditions, and not a lack of confidence in the technology, Australian independent Woodside Petroleum says. Woodside and its partners, including Shell, last month shelved Browse, which was to be a three-train project built in different stages. FLNG technology has increased efficiency, and is more economic today than when the current FLNG projects being built were sanctioned, Woodside chief executive Peter Coleman says. FLNG is still the preferred concept for the Browse fields, he says.
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