Exxon Plans Largest Floating LNG Project Off Australia Coast
This article is for subscribers only.
Exxon Mobil Corp. plans to develop the world’s biggest floating liquefied natural gas project off the coast of Western Australia as costs to build onshore plants in the country surge.
Exxon, the largest U.S. oil company, and partner BHP Billiton Ltd. expect to decide whether to go ahead with the Scarborough floating LNG venture in 2014 or 2015, with the project starting production in 2020 or 2021, documents lodged on the Australian Environment Department’s website show.