A Japanese company, Japan Australia LNG, is set to take a stake in the proposed Browse gas development in WA's Kimberley in a $2 billion deal.
Woodside has accepted the company's offer for a 14.7 per cent stake in the development, as well as a long term sales and purchase agreement for about 1.5 million tonnes of gas a year.
The agreement would see Woodside's share of the Browse development drop from 46 per cent to 31 per cent.
Premier Colin Barnett has welcomed the deal.
"This is very, very important, it's a significant step forward," he said.
Read More
ABC News
Editor's Note: Im not surprised that Mr Barnett has welcomed the deal... he seems pretty keen to make the West Coast into a first class quarry.
No comments:
Post a Comment