22/10/2018 - 15:08

Woodside, ENN pursuing options

22/10/2018 - 15:08

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Woodside Petroleum has signed a cooperation agreement with Chinese gas company ENN, while it is continuing work on the Scarborough, Browse and Pluto projects.

Woodside says the deal with Chinese gas company ENN will enable it to explore further growth opportunities. Photo: Gabriel Oliveira

Woodside Petroleum has signed a cooperation agreement with Chinese gas company ENN, while it is continuing work on the Scarborough, Browse and Pluto projects.

The privately owned ENN operates a 3 million tonnes per annum LNG receival terminal in the Chinese city of Zhousan, which opened in August, and includes a Vietnamese gas distribution arm among its additional energy interests.

The company reportedly has existing LNG supply deals with Origin Energy, Total, and Chevron, with gas supplied for the latter through the Gorgon and Wheatstone projects.

Woodside executive vice-president of marketing trading and shipping, Reinhardt Matisons, said the two companies would jointly investigate marketing, trading and shipping opportunities.

“Other potential areas for cooperation include oil and gas exploration and production, liquefaction and regasification projects, and power generation,” he said.

“Woodside is planning to add to its existing LNG production portfolio with its proposed developments of the Scarborough and Browse offshore gas resources through the Burrup Hub in Western Australia.

“ENN Group recently commissioned the first phase of the Zhoushan LNG import terminal and is aiming to grow its market share in China’s gas distribution and retailing sector, as well as internationally.

“This agreement will allow us to identify and explore options for… business opportunities as we embark on our respective growth phases.”

Earlier this month, Woodside awarded US contractor KBR concept definition work for the Browse project, with front-end engineering expected to get under way next year.

Bechtel was selected as the most likely business to undertake feed work for the construction of a second train at Pluto LNG.

Woodside selected Wood to draw up development plans for the Scarborough offshore field in August.

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