AUSTRALIA

Browse delay likely: Analyst

WOODSIDE Petroleum may have sorted out the Browse LNG projects' domestic gas hurdles and the all-important lease renewal, but the low oil price and lacklustre LNG demand mean the fields will not make a positive final investment decision next year, according to one analyst.

Haydn Black

GMP Securities analyst Scott Simpson said yesterday that while the joint venture was targeting a FID next year on developing the Calliance, Brecknock and Torosa discoveries "a decision to progress with...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.