15/04/2009 - 15:16

LNG hub talks approach second deadline

15/04/2009 - 15:16

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The Kimberley Land Council is believed to have negotiated an agreement with the state government and Woodside Petroleum that would deliver more than $1 billion over 30 years from the development of a liquefied natural gas hub near Broome.

LNG hub talks approach second deadline

The Kimberley Land Council is believed to have negotiated an agreement with the state government and Woodside Petroleum that would deliver more than $1 billion over 30 years from the development of a liquefied natural gas hub near Broome.

A government spokesperson told WA Business News the agreement was being presented by the Kimberley Land Council to traditional owners today, with talks still continuing.

Details of the agreement have been kept under wraps.

The state government had set a March 31 deadline for an agreement over James Price Point, however only 95 per cent of the agreement had been negotiated at that point.

Premier Colin Barnett previously said endorsement from traditional owners would be sought on April 15.

The government spokesperson today said no firm timetable has been set for traditional owners to accept the agreement.

Woodside is evaluating processing options for its Browse Basin project with the LNG hub being one option. The company is also evaluating whether it can process the gas at Karratha.

 

 

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