This approval means that all major licenses have been obtained,and both companies will promptly move forward with preparations for the final investment decision in the future.
Construction of the project facilities began after the final investment decision was reached in August 2014. Now that production is underway, it will take several weeks to be loaded onto carriers for the first shipment.
Once the final investment decision scheduled for after 2021 is made, commercial operations will launch by 2025, and all electricity generated from the plant is to be sold to Taiwan Power Company over a 20-year period.
During 2018, three new LNG liquefaction projects reached Final Investment Decision("FID"), underpinning further LNG supply growth during the next decade.
Given it takes several years to go from a Final Investment Decision(FID) to producing cargoes of the super-chilled fuel, however, the industry may be acting too late to prevent a supply shortfall by the middle of next decade.
This project is the fourth FLNG to achieve Final Investment Decision(FID) in the world. JGC will be responsible for the EPC work for two of them, the other being the FLNG project for PETRONAS Malaysia's national petroleum company.
Equinor and the Snorre and Gullfaks partners have made a final investment decision(FID) for the Hywind Tampen offshore wind farm development and two updated plans for development and operation(PDO) have been submitted to the Norwegian authorities.
He said the two largest projects targeting final investment decision(FID) over the next 12 months- PetroVietnam's Block B gas development and ConocoPhillips's Barossa- could both be pushed back into 2020.
Furthermore, Noble Energy had last April made a final investment decision(FID) on the Alen gas monetization project in Equatorial Guinea with startup planned for the first half of 2021.
In our LNG business, we are making progress in construction projects for the launch of Cameron LNG in the U.S., scheduled for 2019,and we are accelerating our efforts to make a final investment decision on our LNG project in Mozambique.
With the conclusion of the joint venture agreement, the three companies will begin application procedures with the relevant authorities andwill be working out final investment decisions and other details pertaining to the joint venture company.
Currently, the Project is carrying out assessment of front end engineering and design, and accordingly will award EPC contracts,with the aim to make a final investment decision by June 2013.
English
中文
عربى
Български
বাংলা
Český
Dansk
Deutsch
Ελληνικά
Español
Suomi
Français
עִברִית
हिंदी
Hrvatski
Magyar
Bahasa indonesia
Italiano
Қазақ
한국어
മലയാളം
मराठी
Bahasa malay
Nederlands
Norsk
Polski
Português
Română
Русский
Slovenský
Slovenski
Српски
Svenska
தமிழ்
తెలుగు
ไทย
Tagalog
Turkce
Українська
اردو
Tiếng việt