Thursday, April 11, 2013

Woodside to shelve LNG processing plant at James Price Point |

PerthNow understands the decision came after a meeting on Monday night.
The project has been hotly debated in WA, with Mr Barnett arguing the LNG must be processed onshore to maximise benefits to WA and partlicularly local Aboriginals.
Broome is a town divided over the project - while there is support for the project, some believe the LNG should be processed offshore, while others do not want it to go ahead at all.
Woodside to shelve LNG processing plant at James Price Point |

PREMIER Colin Barnett has refused to deny Woodside's $45 billion Browse project has been canned or shelved by the joint-venture.

Asked by Opposition leader Mark McGowan if the Premier had been advised by Woodside that the James Price Point project had been rejected by the consortium, Mr Barnett today told Parliament it was not for him to divulge market sensitive information.

The Sunday Times revealed in January that the proposed LNG hub in the Kimberley was unlikely to proceed because of escalating costs that threatened its profitability.

1 comment:

  1. With this level of speculation the ASX would want a statement of some sort.
    It's price sensitive so would think the truth would be required but as they are so snakey no doubt there is a loophole there somewhere.
    However will be watching the ASX tomorrow.

    The link is :

    type in WPL and then Recent announcements.