March 6, 2008 – 5:28PM
Woodside Petroleum is open to investment from Singapore’s sovereign wealth funds in the physical facilities of its LNG projects, the chief executive of the oil and gas producer, Don Voelte, said Thursday.
”We haven’t at this point gotten into that but I suspect that we are very open to talking to Singapore about such investments,” said Voelte, when asked about sovereign funds such as Temasek Holdings taking equity stakes.
Woodside had said in February it had no plans to issue stakes in its Browse and Sunrise liquefied natural gas (LNG) projects to customers.
But Voelte said now this was just limited to the ownership of the reserves themselves.
”We are not willing to discuss who owns the reserves in the ground, to give up equity at this point in our reserves.
”What we still are willing to take investment is in the physical facilities to build liquefaction plants, in ships, terminals,” Voelte said.
Voelte was speaking at a briefing on the company’s proposal to supply LNG to Singapore’s planned LNG terminal. Woodside is one of five companies shortlisted to act as an aggregator for the terminal with planned capacity of 3 million tonnes.
”For us, (we are keen) because shipping LNG is expensive and Singapore for us is very close,” Voelte said.
A return trip from the North West Shelf venture to Singapore took an average 9 days, compared with 20 days to Japan and roughly 70 days to the U.S. East Coast.
Singapore is due to pick the aggregator for its first LNG terminal in the second quarter. Woodside, if successful in its bid, would provide the gas from any of its projects but had earmarked the Browse field for this purpose.
Voelte reiterated a final investment decision for its Browse project off Western Australia, where the company has drilled 13 wells, was due by 2010 and was due to start between
2013 and 2015.
The Woodside-operated North West Shelf LNG venture produces about 12 million tonnes of LNG a year, to rise to 16 million tonnes by the end of 2008 following a fifth-train expansion.
Total LNG output from Woodside-operated LNG projects will rise to more than 20 million tonnes a year when the new Pluto field comes onstream by end-2010.
Last year, Woodside, 34% owned by Royal Dutch Shell , sold a 5% equity stake in the Pluto LNG project each to Tokyo Gas and Kansai Electric .
Reuters
http://business.theage.com.au/woodside-petroleum-open-to-singapore-investment/20080306-1xgn.html
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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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