LNG Japan joins “giant” natural gas project with $880 million deal with Woodside Energy

/in /by

Investing in such a project does not only give them the opportunity to make a buck on the project itself. It also gives them exposure and an information advantage when it comes to flexible volumes of LNG and also when things go wrong resulting in Force Majeure or some other operational hiccup. Japan is a consumer nation with very limited tolerance for supply chain problems. They need their LNG when they need it and disruptions in supply are way more expensive to them than any money they might have to spend now. It’s good risk mitigation. 

LNG Japan joins “giant” natural gas project with $880 million deal with Woodside Energy
LNG Japan joins “giant” natural gas project with $880 million deal with Woodside Energy

Scarborough, which will drill gas offshore and process it at an expanded plant on the Burrup Peninsula in Western Australia, is forecast to produce as much as 8 million tons of LNG a year.
worldoil.com worldoil.com

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