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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Woodside Petroleum Limited | ASX:WPL | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.97 | 28.97 | 29.00 | 0.00 | 01:00:00 |
By Ross Kelly
SYDNEY--Woodside Petroleum Ltd. (WPL.AU) said Tuesday it's delayed making a decision on whether to proceed with the Browse gas-export joint venture.
Woodside and partners including Royal Dutch Shell PLC (RDSA.LN) and BP PLC (BP.LN) will now target a final investment decision in mid-2016, back from previous guidance of the second half of 2015, Woodside said.
Analysts estimate the floating liquefied natural gas project could cost around US$40 billion to build.
LNG is typically sold in contracts linked to the oil price, which has tumbled in recent months due to a global supply glut.
Write to Ross Kelly at ross.kelly@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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