LNG production at trains 1 to 4 of Australia's North West Shelf project are back at full capacity, after the project was disrupted by a partial outage early Friday, a North West Shelf spokesperson said Monday.
Receive daily email alerts, subscriber notes & personalize your experience.Register Now
"A sequenced restart is well progressed, with trains 1 to 4 running at full capacity," the spokesperson said in an email to S&P Global Platts. "Work is being undertaken to restore full LNG production in a safe manner."
The NWS' Karratha Gas Plant experienced an unplanned partial LNG outage on Friday at around 2 am. It produces about 16.3 million mt/year of LNG from five trains.
The facility loaded an LNG vessel, the Northwest Sanderling, on Saturday and was in the process of loading another vessel Monday.
Woodside did not confirm the scale of the outage; market sources told Platts Friday that output had been halted from more than one train although some affected production had returned during the day.
NWS exports to Northeast Asia, including Japan, South Korea and Taiwan.
NWS was also hit by a supply disruption at the end of June.
The six stakeholders in the LNG plant are BHP Billiton, BP, Chevron, Japan Australia LNG, Shell and Woodside.
News of the NWS outage pushed up JKM derivatives trading late Friday. The ICE January contract traded as high as $10/MMBtu, with 130 lots traded by the end of the day. The February contract was last settled at $9.875/MMBtu, with 115 lots traded Friday.
Other contracts also traded, including 60 lots of Q1 2018 at $9.55/MMBtu.
Platts assessed cargoes to be delivered in December at $9.65/MMBtu Friday, the highest level since January 11.
--Kenneth Foo, email@example.com
--Eriko Amaha, firstname.lastname@example.org
--Edited by Jonathan Fox, email@example.com