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Prelude Floating Gas Project

Sector: Oil and Gas • Location: Broome, Western Australia, Australia

Source: The West Australian

Project
Operational With Financial Challenges

Shell Australia holds a controlling interest in the Prelude floating gas project off Broome, Western Australia. The project experienced a writedown in 2025 due to lower oil and gas forecasts. Prelude is a floating LNG plant that ran well over budget and is estimated to have cost as much as $19 billion to bring into production in 2019.

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The project “Prelude Floating Gas Project” is an infrastructure initiative in the Oil and Gas sector, located in Broome, Western Australia, Australia. Taiyo aggregates data on it from The West Australian.

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Participants

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operational with financial challenges

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Description

Description

Shell Australia holds a controlling interest in the Prelude floating gas project off Broome, Western Australia. The project experienced a writedown in 2025 due to lower oil and gas forecasts. Prelude is a floating LNG plant that ran well over budget and is estimated to have cost as much as $19 billion to bring into production in 2019.

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Source reliability

High

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100%

Source

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