Thursday, April 11, 2013

Woodside tipped to shelve Browse project | SBS World News

Woodside tipped to shelve Browse project | SBS World News: Woodside is tipped to shelve its controversial Browse project following reports partners will not build an onshore gas plant.

Woodside Petroleum is remaining tight-lipped on rumours that it is about to shelve its controversial $40 billion Browse liquefied natural gas project.

The energy giant has reportedly told the federal and West Australian governments that its Browse joint venture partners have decided not to proceed with plans to build a LNG processing plant at James Price Point, near Broome.

Contractors doing preliminary work at the site have been told to demobilise and that no further progress payments will be made, The Australian Financial Review's website reported on Thursday.

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