12/11/2013 - 12:59

Barnett finalises JPP deal despite FLNG push

12/11/2013 - 12:59

Bookmark

Save articles for future reference.

The state government has finalised the acquisition of land at James Price Point for future gas projects, as the industry continues to focus on floating LNG developments, with the Scarborough project gaining environmental approval.

Barnett finalises JPP deal despite FLNG push

The state government has finalised the acquisition of land at James Price Point for future gas projects, as the industry continues to focus on floating LNG developments with the Scarborough project gaining environmental approval.

Premier Colin Barnett hailed the land acquisition as an important step for industry.

"The government is committed to delivering a project-ready site for the development of the region's world-class gas resources," Mr Barnett said.

However, there are currently no plans for any business to use the land, just north of Broome.

James Price Point had been earmarked for the Woodside-led Browse joint venture to develop an LNG plant, but Woodside and its partners have since opted for a floating LNG development.

Mr Barnett said that, under native title agreements reached with the Goolarabooloo Jabirr Jabirr claimant group in June 2011, the completion of the land acquisition has triggered a $10 million economic development fund and $20 million for indigenous housing.

Mr Barnett said traditional owners will also have an ongoing role in managing the environmental, social and heritage outcomes of the precinct.

Under the original Browse development option, indigenous groups in the area were set to benefit from a $1 billion-plus package.

Despite this, development at James Price Point was opposed by a mix of indigenous and community groups.

Meanwhile, the trend towards FLNG developments has gathered momentum, with Exxon and BHP Billiton gaining approval for their jointly owned Scarborough gas fields.

Shell kicked off the FLNG charge with its Prelude development off the Kimberley coast.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options