PERTH: An agreement by Woodside Petroleum’s joint venture partners to the proposed site for an LNG hub has opened the way for a A$30 billion (K71 billion) project, the West Australian government said.
Premier Colin Barnett describes the agreement as “a significant step” in the development of the Browse Basin liquefied natural gas field off the northwest Australian coast.
Woodside Petroleum announced on Monday that its joint venture partners, BHP Billiton, BP, Chevron, Shell and Japan Australia, had agreed to develop the hub at James Price Point, 60km north of Broome.
Barnett has championed the selection of James Price Point as the site for a plant to process the gas from the Woodside-led joint venture and other parties operating in the area.
After lengthy negotiations, the state government, Woodside and a group representing the traditional owners of the Kimberley region, the Kimberley Land Council (KLC), agreed on the site in April last year. – AAP