West Australian Premier Colin Barnett has said he will oppose efforts by the Browse Basin gas project partners, led by Woodside Petroleum Ltd, to change the conditions of their retention leases and process the gas offshore, according to The Australian Financial Review.
The partners, Woodside, Shell, BP, Mitsubishi/Mitsui and PetroChina, are hoping to use floating liquefied natural gas (FLNG) technology for the massive project (see Woodside's yield-growth challenge by Tim Treadgold).
However, Mr Barnett said he would not approve any changes to the project's agreement that would allow such a move.
“They don't expire till the end of next year so you may ask, 'Why the rush?'” Mr Barnett told the AFR.
“We don't intend relaxing them unless we have a new arrangement that is satisfactory to the state.
“The key condition is that the gas is developed for James Price Point.”