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Friday, 09 January, 2009, 00:20 GMT | more >>

Carpenter welcomes Woodside move



By Upstream staff 

West Australian Premier Alan Carpenter has welcomed Woodside Petroleum’s decision to commit to the State’s domestic gas reservation policy.

“Securing natural gas reserves for WA consumers is critical to our State’s long-term economic future,” said Carpenter.

Woodside had said today that it has approved an initial A$1.4 billion (US$1.1 billion) investment to develop the Pluto liquefied natural gas project, which is due to start supplying LNG to Kansai Electric and Tokyo Gas by the end of 2010.

Carpenter said that he fully supports and promotes the LNG export industry and said that the deal showed that gas producers can reserve gas for both export and domestic use.

“It also demonstrates that the State’s 15 per cent domestic gas reservation policy is realistic and achievable,” he added.

He noted that Pluto was expected to directly create 2500 jobs during construction, more than 3000 permanent and indirect jobs when operating and a $28 billion boost to the economy.


Friday, 08 December, 2006, 06:24 GMT  | last updated: Friday, 08 December, 2006, 06:31 GMT

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