ConocoPhillips is considering the expansion of Darwin LNG

While LNG demand and prices are rallying, ConocoPhillips and the partners involved in the Darwin LNG project are considering expanding the liquefied natural gas plant in Australia, with backing from other companies with undeveloped gas resources that could feed the plant, according to Reuters.
ConocoPhillips has previously talked only about developing a new gas field for around $10 billion to fill the plant’s single production unit, or train, when supply from its current gas source, the Bayu-Undan field, runs out around 2022.
A $650,000 feasibility study on building a second train is due to be completed this year, the Northern Territory government said on Wednesday, announcing that it would contribute $250,000 toward the study.
Five joint ventures with undeveloped gas resources off the coast of the Northern Territory are backing the study, with stakeholders including Royal Dutch Shell, Malaysia’s Petronas, Italy’s ENI SpA, and Australia’s Santos and Origin Energy, for a plant that is co-owned by ConocoPhillips, Santos, Japan’s Inpex, ENI, Tokyo Electric Power Co and Tokyo Gas Co.