Friday, January 27, 2012

Woodside denies Browse LNG equity fire sale - Business (Australian Broadcasting Corporation)

Woodside denies Browse LNG equity fire sale - Business (Australian Broadcasting Corporation): "They are currently in a position where James Price Point looks like an incredibly difficult project," he said.

"And the alternatives that we have put forward and their joint venture partners have put forward look more and more palatable as every day goes by."

The Premier Colin Barnett says he believes Woodside would have trouble sustaining its 50 per cent stakeholding in the project.

He says Chinese investors have made it clear they would like to be involved in the venture and the State Government is actively encouraging Chinese involvement both as a customer and an investor.

Woodside is not revealing just who has expressed interest in the development but says it intends to retain most of its equity in the project.

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