In Shell’s view, this means avoiding the costly tasks of building a pipeline to the Australian coast and of constructing an LNG facility that might face a long series of planning battles, and require a host of new infrastructure on a remote coastline.

So Prelude will be parked above the gas field for a projected 25 years and become not merely a rig, harvesting the gas from down below, but also a factory and store where tankers can pull alongside to load up with LNG.

via BBC News – The largest vessel the world has ever seen.