Browse project binned

A

Ausprop

the no gas no jobs no money brigade have won.... surprised no mention on here yet of one of the biggest losses to our economy and security of energy supplies for this country. The Browse project itself was small fry compared to the fracking gas out of the canning basin - without that facility it will be a lot more difficult for the likes of Buru to get their gas to market?? Not to mention the $1.5bn loss the aboriginal groups in that area have just suffered.... ouch!

http://www.news.com.au/breaking-new...g-of-wa-gas-plan/story-e6frfku9-1226618896513
 
There goes 8000 jobs in Australia probably paying $400M tax a year.

Will probably be that mega huge offshore thing now.

Out of sight out of mind.

Yeah, go greens. :rolleyes:
 
Like they say, if you aren't a Leftie when you are young, you have no heart. If you are still a Leftie when you are old, you have no brains.
 
Well I guess they can all pack up and head off to the next rent-a-mob development at some other nondescript patch of dirt that no-one has heard of, seen or even cares about at the moment. :mad:

......after stopping off at Centrelink to cash up.
 
Rolf Latham said:
go greens

Lets become cave dwellers.............

ta
rolf
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I wonder if they all had their gas heaters on and were taking a nice warm gas heated shower, and then attacked the dinner on the gas stove in the kitchen after a hard days work of clapping their hands?
 
geoffw said:
What's this about lefties and greens? They opposed it- but the project was abandoned because it wasn't commercially viable.

I don't really think that a company would be abandoning something of that size because of a few people protesting.

http://www.smh.com.au/business/mini...de-dumps-browse-lng-plans-20130412-2hp8c.html
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No geoff, the point is that the entire debate has been poisoned by this Green rhetoric. They have imposed ridiculous regulations and restrictions on mining/exploration companies which increases costs, compliance and delays. This all makes it unviable...
 
geoffw said:
What's this about lefties and greens? They opposed it- but the project was abandoned because it wasn't commercially viable.

I don't really think that a company would be abandoning something of that size because of a few people protesting.

http://www.smh.com.au/business/mini...de-dumps-browse-lng-plans-20130412-2hp8c.html
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Damn straight, it was their own economic rationalism that canned the project, not the life rationalism of those lefto pinko freaks.

I think I read today there was actually only 300 specialised jobs after construction, rather than the $8,000 referred to earlier (that relate to the construction phase only). So I think the hit to government PAYG tax might be a tad smaller than $400mil.....
 
That $400M was my estimate per annum over say a 3 year build, that's about $1B in tax revenue gone.

And having it offshore might have even more tax breaks for the JV partners. Dunno, just saying. :confused:
 
Woodside clearly want to build the FLNG offshore, bring it out, pump the gas and sail off into the sunset. the greenies / lefties were their biggest ally in achieving this, couldn't have played out better for them. The no gas no money brigade think they have won and woodside laughs all the way to the bank
 
HotRod said:
That $400M was my estimate per annum over say a 3 year build, that's about $1B in tax revenue gone.

And having it offshore might have even more tax breaks for the JV partners. Dunno, just saying. :confused:
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well woodside can pocket the $1.5bn offered to the aboriginal community for starters - and that's just a warm up
 
guys guys guys!

the proposal requires TWENTY KILOMETRES of dredging through whale breeding and migration grounds - all with an EPA condition not to disturb it.

no port was EVER going to happen at JPP unless we're using marsh barges transporting filled BBQ LPG cylinders off shore.

however, i'm surprised they couldn't do the processing facility on shore and pipe to a floating port....

browse at JPP may have been ditched but they're still looking at options.
 
geoffw said:
What's this about lefties and greens? They opposed it- but the project was abandoned because it wasn't commercially viable.

I don't really think that a company would be abandoning something of that size because of a few people protesting.

http://www.smh.com.au/business/mini...de-dumps-browse-lng-plans-20130412-2hp8c.html
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Maybe. The lefties and greens go nutso and the project gets bad press. These companies are very media shy and any negative media exposure would not go down well. It damages the brand.

Maybe that was part of the economic rationale as well? Who knows?

It has annoyed me from the outset that people going to Broome as backpackers/lefties/greenies would just stay in the town and suntan on Cable Beach and work in the cafes.

No one had heard of JPP before this or knew where it was.

Te way they were screaming and carrying on you'd think that it was in the centre of town.

It's more like 45km as the crow flies and 55km by road up some nondescript track that maybe one person a day might have used. Not visible from the town at all and not visible to say 99% of visitors to Broome.

It was not actually on JPP but between this and another headland to the south on a gentle sloping beach that has no tracks leading to it and thus no-one used or would have seen.

The construction camp was going to be next to the site and not in town. Workers were not to be permitted to come to town whilst on their rotation and whilst transiting through the airport, they were not to wear their hiviz stuff and work gear.

Traditional landowners were to get about $1.5B out of the deal plus jobs, which would have been a right and just godsend. Now have nothing but welfare to keep on going, yeah good for them.

But a lot of this gets lost in the bellicose rhetoric.
 
I agree Aaron this is a bit hysterical.

This project was approved by both State and Federal Governments. There isn't a single thing any Greenie can do about that now. Those arguments have been had and won. The proponents have now canned the idea because:
- The price of gas isn't as high as they had hoped it would be at this point.
- The cost of building the project in this location turned out to be a lot higher than they hoped.

That second point is the (rather predictable these days) clincher.

I made the prediction months ago on this forum that this was never going to happen. Floating LNG has to be the more viable option for development of this resource. Watch that space.

Of course, a floating LNG project in Commonwealth waters will only mean PRRT revenue for the Federal government - no royalties will flow for the State govt. That is why Colin Barnett has been such a strong proponent of the JPP option which would have paid royalties. Floating LNG means he can only watch those rivers of cash from the bank - he can't divert the stream into State Treasury - it all goes into Federal coffers. But at the end of the day it's not his decision because it's not his govt's money at risk. The proponents are just making a perfectly logical choice here. The only benefit for WA now is that the workforce for this project will mostly still be based here. Other than that, the Feds will get all the cream. Such is life... a very predictable (and largely predicted in the industry) outcome.
 
HiEquity said:
Other than that, the Feds will get all the cream. Such is life... a very predictable (and largely predicted in the industry) outcome.
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if only life was so grand - anyone that thinks it will be as simple and amicable as that and Con will just go and grab a beer instead is delusional
 
Moon91 said:
For me it is more the new stakeholder Shell who has made the FLNG choice.
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exactly.

where the mention of a land based processing facility and a remote, offshore port?

no dredging required, land based processing and they get a port.

win, win, win.

shell has a very heavy hand in this decision.

offshore3bassa_0.jpg
 
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