--- "But it’s not clear that Prelude is any more cost effective...

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"But it’s not clear that Prelude is any more cost effective than building land-based plants. The estimated capital cost is between $10.8 billion and $12.6 billion for Prelude’s 3.6 million tonne per annum capacity. This gives a cost of $3.5 billion per million tonnes of annual LNG capacity.

This is more expensive than the three LNG plants being built on Australia’s eastern seaboard that will be the first to use coal-seam gas as a feedstock. The Queensland Curtis project, operated by BG Group, has a capital cost of $2.4 billion per million tonnes of annual capacity, the Gladstone plant being built by Santos and Malaysia’s Petronas is at $2.37 billion and the Asia-Pacific LNG plant of ConocoPhillips is $2.74 billion".

http://gulfnews.com/business/opinion/hope-floats-for-australia-s-lng-plans-1.1331850