Australia producer Woodside eyes LNG boost
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Sydney
WOODSIDE Petroleum Ltd may look to funnel gas from the Scarborough field off Western Australia to one of its existing liquefied natural gas plants after agreeing to a US$400 million deal to buy half of BHP Billiton Ltd's stake in the remote offshore resource.
Woodside's purchase on Monday of a stake in Scarborough means the gas could eventually be piped to either its Pluto or North West Shelf onshore plants, according to Neil Beveridge, a Hong Kong-based analyst at Sanford C Bernstein & Co.
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