Shell’s $12 billion LNG experiment becomes a big headache

FORBES | The world’s biggest ship is on the way to becoming one of the oil industry’s biggest bloopers.

Prelude, a 600,000-ton monster which is five-times the size of the largest U.S. aircraft carrier, is designed to produce liquefied natural gas (LNG), and other petroleum liquids.

Installed atop a remote gasfield 300 miles off the north-west Australian coast, the 535-yard long Prelude is a bold experiment by the oil major, Royal Dutch Shell.

Unfortunately, the hugely expensive Floating LNG (FLNG) vessel, which is technically a barge because it cannot propel itself, is not performing as designed and hasn’t produced any LNG since early this year.

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