Australia: CPC May Buy Browse LNG Stake
Taiwan’s CPC said today that is in negotiations with Woodside to acquire a stake in Browse LNG project.
The company plans to buy a stake of less than 10 percent in the project and it is also negotiating details of a LNG supply deal with Woodside, Bloomberg reported, citing Chen Ming-huei, a CPC spokesman.
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, 60 km north of Broome.
LNG World News Staff, February 8, 2012; Image: Woodside