Tuesday, May 1, 2012

Woodside’s $2 Billion Deal To Test Partners’ Resolve - Deal Journal Australia - WSJ

Woodside’s $2 Billion Deal To Test Partners’ Resolve - Deal Journal Australia - WSJ:

Due to be built in a place marked with one of the world’s longest chain of dinosaur footprints, Browse is facing opposition from environmental groups and has angered some traditional land owners.

What’s more, it has also faced disunity between its joint venture partners over the best way to process the gas for export.

Sauropod thoroughfare James Price Point
Some, such as Chevron and BHP, would prefer to have the resource piped to the existing North West Shelf project when it runs out of gas next decade.

Woodside is nevertheless pressing on with the development of a new LNG facility at James Price Point on the Western Australia coast by 2017, with the backing of the Western Australian and federal governments.
 



But if it keeps on pushing for a shiny new plant, Woodside could end up with fewer friends willing to accompany it along the way.

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