February 26, 2008: 09:45 PM EST
MELBOURNE -(Dow Jones)- BP PLC (BP) said Wednesday it wants to be part of the Greater Gorgon liquefied natural gas development offshore Western Australia state, stepping pack from a previous proposal to sell its stake in the project’s gas reserves.
One option for the U.K. oil major, which doesn’t own an interest in the actual LNG project, is taking a stake in some of the infrastructure associated with the giant Gorgon development, said BP spokesman Peter Metcalfe.
“We’re very keen to see the resource developed and we’re discussing development plans with our co-venturers,” said Perth-based Metcalfe.
BP had previously been discussing selling its 12.5% stake in the Io field, which is attached to the Janz field, part of the Greater Gorgon joint venture operated by Chevron Corp. (CVX). BP was marketing to sell the stake to Royal Dutch Shell (RDSB.LN), people familiar with the situation told Dow Jones Newswires in May 2006. The interest, which was previously known as Permit WA267P, was bought from Shell several years ago.
Gorgon, which would produce 15 million tons of LNG a year under the latest plans, will be the nation’s biggest ever resources project but isn’t expected to start exporting until well into the next decade. Chevron has declined to give a cost projection or timetable for the project, which is still awaiting approval.
A Chevron spokesman confirmed there has been ongoing discussions between BP and the owners of the development but wouldn’t comment on any commercial discussions. Chevron has a 50% stake in the project, and Exxon Mobil Corp. (XOM) and Shell both own 25% stakes.
-By Matt Chambers, Dow Jones Newswires; 61-3-9671-4393; matt.chambers@ dowjones.com.
(END) Dow Jones Newswires
02-26-08 2145ET
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
