Wednesday, May 2, 2012

DEAL OR NO DEAL OVER JAMES PRICE POINT

Photo from Woodside AGM today.  Action organized by the Wilderness Society.

A long pointed question was posed to Coleman in the AGM
Australian Financial Review:

“While investors cheered the deal for reducing Woodside’s risk in the expensive Browse project, the ramifications for building a natural gas processing hub on the Kimberley coast now hang in the balance.

Mitsubishi, Japan’s largest trading company, said it was open to processing gas from Browse at the North-West Shelf LNG venture, where it already holds a stake.

“Processing this gas at the existing NWS location is something we would be interested in,” a Mitsubishi spokesman said on Tuesday. “It is not just our decision but we would look at this as an option.”

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