Crunch meeting over future of Browse

Written By Unknown on Minggu, 30 Juni 2013 | 11.25

THE future of the stalled multi-billion dollar Browse gas project will be discussed when the joint venture partners meet for talks on Monday.

The troubled project, believed to be worth between $30 billion and $90 billion, is led by Woodside, who want to exploit three gas fields off the northwest coast of Western Australia.

Premier Colin Barnett has said a July 1 crunch meeting would be held between venture partners Shell, BP, Japan Australia LNG and PetroChina International Investment.

It is believed the Perth meeting concerns Woodside's preference for floating processing, whereby Browse Basin gas will be processed on a large purpose-built vessel stationed far off the coast.

This has angered Mr Barnett, who was determined to see onshore processing and the subsequent flow of local jobs.

His government is pressing ahead with land acquisition at James Price Point, setting aside space for future gas developments.

After years of work on the project, and resistance on environmental grounds, Woodside scratched plans to build an onshore processing plant in April, saying it would not deliver the returns the company needed.


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