Exxon Mobil and BHP Billiton plan to develop a vast natural gas field about 300 kilometers off the coast of Western Australia using a huge gas processing vessel for liquefied natural gas production.The floating plant would produce 6.7 million metric tonnes of LNG a year beginning in 2020-21,the companies said in a filing with Australia's environment department.
The Scarborough field is located in the Carnarvon Basin.The vessel proposed to operate there would employ Floating LNG technology,or FLNG.It is used when gas fields are too small or remote to make onshore facilities practicable.
In a related development,the US State Department has opened a commercial office in its Perth consulate.The office will match an expected surge of US companies looking to invest in Western Australia with local firms which can meet their needs as resource extraction activities ramp up in response to demand from emerging Asia.
Canadian real estate investment trust Brookfield Office Properties lists Perth as a high growth market,ahead of Boston and Vancouver.The REIT owns Brookfield Place in Perth and has a 50% interest in two other office buildings on St Georges Terrace.
Exxon Mobil(XOM),BHP Billiton Ltd(BHP),Brookfield Office Properties(BPO)
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