Saturday, January 21, 2012

WA Premier clings to his gas dreams

Australian Financial Review

The fate of West Australian Premier Colin Barnett’s grand vision of a natural gas processing hub on the richly picturesque Kimberley coast hangs in the balance.

Five years after the plan was formulated by the WA government, oil producer Woodside Petroleum remains the only company keen togo anywhere near the controversial James Price Point site near Broome.

One by one, other potential users of the “hub” have removed themselves from the picture, plumping for potentially easier and quicker solutions to convert their plentiful Browse Basin resources into liquefied natural gas to feed energy-hungry nations across Asia.

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