Acquisition could boost NWSV life extension case | Business News – Business News

Posted: August 18, 2017 at 2:43 am

Some of the North West Shelf Venture partners might either sell their stake in the operation or take an equity interest in potential projects such as Browse as one potential solution to find backfill liquids for Karratha gas plant in the next decade, according to a report by Wood Mackenzie.

The venture, which has been shipping liquefied natural gas for 28 years, will have an excess capacity of around 5 million tonnes per annum by 2025 as existing reserves are drained, Wood Mackenzie projected.

Wood analyst Saul Kavonic toldBusiness Newsthat there had never been a better time for the Woodside Petroleum-led venture to commence work on a solution, with a number of options competitive with other global projects.

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Acquisition could boost NWSV life extension case | Business News – Business News

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