The Wall Street Journal: Shell Plans US$5B Floating LNG Off W Australia

“Royal Dutch Shell PLC (RDSB.LN) said Thursday it has commenced early-stage design work on what could be the world’s first operational floating liquefied natural gas platform. . . . Energy consultancy Poten & Partners said recently that Australia could accommodate the world’s first large-scale floating liquefied natural gas plant – but likely after 2015. Poten & Partners Manager Asia Pacific Daryl Houghton said Australia’s relatively calm seas and stable political and fiscal environment make it an attractive location to apply the technology.”