WDS 0.50% $25.84 woodside energy group ltd

update on leviathan, page-2

  1. 6,312 Posts.
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    Not sure I'd say WPL has "new-found FLNG expertise" - unless you mean they've just discovered it's cheaper than shore-based LNG!

    It's an interesting debate for Leviathan. Israel is a much cheaper development environment than WA, particularly in terms of labour (Israeli salaries are very low and the country is so compact the workforce would be local - no $250k FIFOs there).

    So I don't think FLNG will make anywhere near such a saving for Leviathan as it would for Browse.

    But FLNG, being well offshore, would probably be a lot safer from militant attacks than a land-based plant. It would only take one Hezbollah rocket to hit an LNG tank to have a disaster on their hands.
 
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