Bonaparte LNG development put on hold

The Bonaparte LNG project has been put on hold, project partners Santos (40%) and GDF SUEZ (60% and operator) have announced.

Santos said that the companies will be reassessing the project and will consider other potential development options to develop the Petrel, Tern and Frigate natural gas fields, including a pipeline connection to Darwin (NT).

The multi-billion dollar project, located 250 kilometres offshore west of Darwin, involved the development of a new type of floating LNG plant with the aim of producing LNG at sea, using natural gas from the three remote offshore fields, Petrel, Tern and Frigate.

The partners state that although they are confident in the value of the gas fields and the floating LNG technology, the project ‘does not currently meet the companies’ commercial requirements’ and therefore will not be progressing into the front-end engineering and design (FEED) phase at this point in time.

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