It’s about time we did something about Prelude. This monstrous floating LNG train was designed for one purpose and one purpose only. To dodge terrestrial royalties.
Analysts claim that Resources Minister Madeleine King’s refusal to rule out requiring Shell’s massive Prelude floating LNG project off the north-west coast to feed the domestic gas market is absurd.
The project’s costs would be greatly increased if the remote plant, which is located 200 kilometres off the coast of Kimberley and contains the largest man-made floating structure in the world and is not connected to a mainland gas pipeline system, were subject to the 20% domestic supply requirement in Labor’s proposed gas reservation.
The full text of this article is available to MacroBusiness subscribers
