Published: Sep 11, 2007
MELBOURNE, Sept 11 Asia Pulse – Oil and gas producer Woodside Petroleum Ltd (ASX:WPL) says it has held talks to sell gas to CPC Corp of Taiwan, possibly from its Browse project in Western Australia.
Woodside said that the company was in “discussions with potential Asian buyers about significant volumes of liquefied natural gas (LNG) and that a key terms agreement may soon be signed”.
The oil and gas producer confirmed the discussions included CPC Corp.
A Woodside spokesperson declined to confirm the talks centred around Browse but market speculation suggests the project is the likely source.
Browse is located about 425 kilometres north, north-west of Broome in WA and contains an estimated 20 trillion cubic feet of gas and 300 million barrels of condensate.
Woodside signed up the venture’s first customer last week, finalising a deal to supply about 2 to 3 tonnes of LNG per annum to PetroChina.
The supply agreement is for a period of 15 to 20 years starting in 2013 to 2015 and is expected to bring revenue of A$35 billion to A$45 billion (US$37 billion) into Australia.
While the financial details remain confidential, brokerage UBS estimates PetroChina may have agreed to pay US$7 to US$9 per million British thermal units for the gas, valuing the deal at about A$45 billion.
Woodside has indicated Browse has the capacity to produce up to 14 million tonnes of LNG annually.
Woodside managing director and chief executive Don Voelte was bullish on the outlook for LNG when delivering the company’s half year results in August.
“The people that are acquiring LNG around the world, especially in the Asia-Pacific, are growing,” Mr Voelte said.
“There is a recognition of what LNG is worth and we’re seeing that show up in sales negotiations.”
The Browse project is 47 per cent owned by Woodside, with BP, BHP Billiton Ltd (ASX:BHP), Chevron and Royal Dutch Shell holding various stakes in the venture.
Woodside, which recently gave the green light for its A$12 billion Pluto LNG development in WA, is increasingly focussing its attention on the LNG market.
Along with Browse and Pluto, Woodside has a stake in the undeveloped Sunrise project in the Timor Sea and the company is the operator of the North West Shelf Venture in WA.
(AAP)
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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