A restart on Shell's Prelude floating LNG vessel is still some time away, Shell chief executive Ben van Beurden said, with the pandemic making workforce movements more difficult.
Woodside chief executive Peter Coleman told the LNG 18 conference in Perth today there could be opportunities for LNG producers to move further into downstream markets, particularly in developing countries, where demand for gas existed but barriers to entry had slowed take up.
LNG 18 conference organising committee chair Grant King is positive about the industry's future, despite the low oil price environment and a predicted short-term oversupply, saying international demand growth for electricity will underpin a need for gas.
SPECIAL REPORT: Western Australia's next major greenfields liquefied natural gas project could be a decade away after Woodside last month decided against further progressing its Browse floating LNG facility.
The hotel industry expects up to a quarter of Perth's hotel rooms to be filled by delegates attending next month's LNG18 conference, though the number of people attending and the flow-on economic benefits to the state remain unclear.
Royal Dutch Shell has announced it will sell its minority stake in Chevron's Wheatstone liquefied natural gas project and a related joint venture to the Kuwait Foreign Petroleum Exploration Company for $US1.13 billion.