Located at the tip of the Burrup Peninsula, close to Karratha and Dampier, is the North West Shelf Venture (NWSV) – Australia’s first Liquid Natural Gas project. In 2014, the project celebrates 30 years of domestic gas production and 25 years of LNG cargoes to Japanese customers. The project is based on vast undersea natural gas and crude oil resources. It is currently Australia’s largest operating oil and gas development.
Collectively, six venture participants have invested in onshore and offshore oil and gas facilities totalling more than $29.5 billion. If it was built today, it would cost more than $50 billion. The project is Western Australia’s largest producer of domestic gas – providing about 65 percent of the State’s total production. It also accounts for more than 40 percent of Australia’s oil and gas production and is a major producer of liquefied natural gas, natural gas, liquid petroleum gas (LPG), condensate and crude oil. The North West Shelf is currently the 6th largest LNG producer in the world.