BHP, Exxon Moving Ahead with Massive LNG Project

Yahoo reported that BHP and Exxon together are planning to build the world’s largest floating LNG plant just off the coast of northwestern Australia, despite coming under fire for mounting costs surrounding the project.

As quoted in the market report:

The plant would bump up Australia’s current LNG production by nearly 30 percent, producing 6 million to 7 million metric tons (6.62 million to 7.71 million tons) per annum (mtpa), enough to fuel the LNG needs of Japan, the world’s largest importer of the gas, for about a month.

To view the whole Yahoo report, click here.