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Woodside eyes escape from NW Shelf stalemate – The Australian Financial Review
Peter Coleman is looking forward to a revamped North West Shelf venture that will be more aligned on decisions needed to maintain production at the country’s biggest LNG plant.
“That’s the reality we have to deal with.”
The comments came as some analysts questioned whether Woodside’s plans for the delayed $US12 billion Scarborough gas project can ever meet hurdle rates on returns, especially after the major downgrades in commodity prices that drove the write-downs.
They say Scarborough gas would be better processed at the North West Shelf venture, avoiding the need for a costly expansion of Woodside’s Pluto LNG plant next door, but that required partners to fall into…
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