Woodside says Shell brings options to table

Woodside Petroleum says Shell’s increased stake in the Browse LNG project, off the Kimberley coast, could bring alternative gas processing options to the table.

Shell has become the second largest shareholder in the joint venture, after buying Chevron’s share in the project.

Woodside, which heads the venture, is pushing ahead with plans to process the gas at James Price Point, near Broome.

Analysts say the other partners in the venture remain divided and Shell’s increased stake could pave the way for floating LNG-processing technology.

Woodside’s Peter Coleman says Shell brings alternative options but is committed to James Price Point.

“What will they bring to the table?” he asked.

“They’re committed to James Price Point process, they know that.

“But, what I would tell you though, is clearly it bring options in that regard and Shell being able to bring those options to the table, it brings alternatives for us, but James Price Point is clearly the base case for us.” Read story

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