It’s make or break for LNG as global pressures mount on Woodside and Shell
- by: Paul Garvey
- From: The Australian
- January 01, 2013 12:00AM
IN the coming months, Woodside Petroleum chief executive Peter Coleman and the head of Royal Dutch Shell’s Australian operations Ann Pickard will sit down in Perth to decide the fate of Browse liquefied natural gas project off northern Western Australia.
The pair will be joined by representatives from the project’s other joint venture partners — who after a dramatic year of transactions now include PetroChina, Mitsubishi, Mitsui and BP — with the assembled parties poised to vigorously debate the merits of what analysts predict would be a more than $40 billion investment.
This was supposed to be the year when, more than four decades since a drill rig first penetrated the gas-rich reservoirs that make up the enormous 15 trillion cubic feet gas resource, the Browse…
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