Woodside Petroleum’s $30 billion Browse LNG Project will unlikely meet its target for a final investment decision by mid-2012, Reuters reported today.
Woodside also may be forced to consider changing the project’s location, Reuters said, citing industry analysts.
The company has struggled to reach an agreement with its JV partners on its preferred site for Browse LNG plant at James Price Point, 60 km north of Broome, while also facing strong opposition.
Woodside is the major equity holder and operator of the Browse LNG Development.
The Browse LNG Development concept is to commercialise the Browse Joint Venture’s three gas and condensate fields, Brecknock, Calliance and Torosa, 400 km off the Kimberley coast.
Gas and liquids from these fields will be brought to an onshore LNG plant at the Western Australian Government’s Browse LNG Precinct.
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LNG World News Staff, December 5, 2011; Image: Woodside