Chevron, Woodside at Odds over LNG Pipes

Woodside wants to build pipelines soon, Chevron wants to wait. 

"The issue comes down to how quickly to build a shared infrastructure system that would include a major trunk pipeline for transporting gas from mammoth new offshore fields owned by various companies in northwest Australia.

Woodside (WPL.AX) wants to take the lead in such a project, pushing to build soon so it can go ahead with its $11 billion Scarborough development, the only new gas field in the region that is primed for a final investment decision by 2020.

But Chevron (CVX.N) would prefer to spend more time planning and building such a system, which it says could be led by it or other companies."

Share this post

Link to post
Share on other sites
Sign in to follow this  
Followers 0