In Australia, Shell and Chevron have had to shut down some of their LNG plants following on-site incidents.
As a result, LNG prices are rising.
A series of incidents in Australia
Prelude, Shell’s floating LNG facility, producing 3.6 million tons of LNG annually, is experiencing a power outage and smoke in an electrical service area.
The company does not yet know when production and cargo loading will resume.
Chevron, meanwhile, is shutting down Train 3 at its Gorgon plant, which has an annual capacity of 15.6 million tons of LNG.
The reason was the discovery and subsequent repair of a minor gas leak on Train 1 last month.
The company then decided to carry out repairs on train 3 concerning the piping associated with the dehydration unit.
As a result of these production stoppages in Western Australia, the country is likely to see a further rise in LNG prices.
These had already risen by 20% in November 2021.
