Thursday, May 3, 2012

Woodside still backs James Price Point | Latest Business & Australian Stock market News | Perth Now

Woodside still backs James Price Point | Latest Business & Australian Stock market News | Perth Now:
Mr Coleman said today Woodside had made a commitment to “take James Price Point to a certain decision point” and that it was not looking to sell any more equity in Browse in the short-term.

“We’ve said that decision point will be reached sometime around the end of his year or early next year,” he said.

“We really won’t be pursuing other options in earnest until we reach that decision point and see how that plays out.

“We’re very hopeful we’ll have a project to move forward with at that time, but we’ll just have to wait until then.”

The commitment to James Price Point comes as the WA’s Environmental Protection Authority (EPA) announced its report on the proposed gas hub will be pushed back to the middle of this year.

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