The Pluto LNG Project is set to become the fastest developed LNG project from discovery of the gas field in 2005 to the production of first gas in late 2010.

The $12 billion project will process gas from the Pluto and Xena gas fields, located in the Carnarvon Basin about 190km north-west of Karratha, Western Australia.

The Pluto gas field is estimated to contain a total dry gas recoverable reserve volume of 4.4 trillion cubic feet (Tcf). A smaller field, Xena, with an estimated dry gas recoverable reserve volume of 0.6Tcf will also be incorporated into the project.   

The Pluto LNG Project is underpinned by 15-year sales agreements with Kansai Electric and Tokyo Gas. Both companies became project participants in January 2008, each acquiring a five per cent interest in the Pluto LNG Project.

Site preparation works at the Burrup LNG Park commenced in 2007. Construction of the storage tanks and fabrication of the offshore and onshore infrastructure is underway.