WOODSIDE Petroleum has left the door open to process gas from its Browse project offshore and abandon its controversial plant near Broome.
Under an agreement announced on Monday, Royal Dutch Shell, which is the world leader in floating liquefied natural gas (LNG) technology, will increase its stake in the Browse joint venture to around 26 per cent, almost matching Woodside's equity holding.
Woodside chief executive Peter Coleman on Wednesday said a final decision on whether to build an LNG processing plant at James Price Point in the Kimberley region of Western Australia would happen in the first half of next year.
"For somebody like Shell to take a larger piece of a project like this, given their global technology capabilities, we see that as a real positive," Mr Coleman told a briefing after the release of the company's first half results.
The Australian (22.08.12)
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