Wednesday, December 21, 2011

Woodside wobbles at Christmas time and other mining dramas

Shifting sands of the Browse Basin LNG hub

The future of a $35 billion liquefied natural gas hub - originally proposed to sit at James Price Point in the Kimberley - has been shifted so many times that it now looks set to be moved more than 1000 kilometres to Karratha.

The hub's Kimberley location has garnered heavy opposition from environmental groups and some members of Aboriginal communities, with protest scenes taking centre stage on news bulletins for several weeks in 2011.

Woodside this week requested an extension on its final investment decision for the project, pushing the deadline out by a year to the middle of 2013.

No comments:

Post a Comment