A Shell executive said on Wednesday that Prelude was currently undergoing a major turnaround that would last around two months. The deliberations on an extensive one-year maintenance were not ...

Shell plc SHEL decided to opt for a shorter maintenance period for its flagship Prelude FLNG facility offshore Australia, despite considering a year-long shutdown to fix design issues.

Shell did not give a time frame for when production at the facility would resume. In the past year, Shell has wrestled with disruptions at Prelude FLNG, the world's largest floating LNG platform.

Shell Plc has told workers at its Prelude floating liquefied natural gas (FLNG) facility it will stop paying them as of Monday if they are not on site, a Shell spokesperson said on Wednesday.

Prelude LNG resumed output around a month after the incident. Apart from being a major LNG producer, UK-based supermajor Shell is the world’s largest trader of liquefied natural gas.

Shell PLC (NYSE: SHEL) reportedly considered temporarily halting operations at its flagship floating LNG production platform Prelude offshore Australia to cater to some maintenance works and repairs.

The work "continues to be impacted by measures in place to reduce the risk of Covid-19 spread offshore," Shell said in an emailed statement. It declined to say when Prelude would resume exporting gas.

Shell owns a 67.5 percent stake in the Prelude project. The rest is held by Japan's Inpex Corp., the Korea Gas Corp. and the Washington-based Overseas Private Investment Corp., called OPIC.

Shell’s Giant Prelude LNG Could Restart Next Week By Charles Kennedy - Nov 27, 2023, 11:30 AM CST ...

Shell’s Prelude FLNG unit offshore Australia will not be restarting production in the first quarter of 2022, the company’s CEO said during a conference call.