Woodside Gains Approval

Federal Resources Minister Gary Gray has given approval for a consortium led by Woodside Petroleum to submit a new plan to develop the gas fields. Earlier this year, Woodside abandoned plans to build a gas hub at James Price Point, north of Broome. Last month Mr Gray was again talking up the use of floating LNG technology to develop the Browse Basin.

WA Premier Colin Barnett is strongly opposed to the idea, with concerns offshore processing would provide less economic benefit to the state. Mr Gray said he had decided to vary conditions on five Browse retention licenses to ensure timely development of the field. The leases had previously stated the gas was to be processed at James Price Point but that condition has been removed.

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