Woodside of Australia said that the liquefied natural gas (LNG) key terms agreement with CPC Corporation Taiwan for the Browse LNG Development was allowed to expire on 21 June 2012, on the agreement of both parties.
Woodside signed in 2007 a liquefied natural gas key terms agreement with CPC Corporation Taiwan for the potential sale of 2 to 3 million tonnes per annum of LNG targeted to come from the Woodside-operated Browse LNG Development for a period of 15 to 20 years.
The Browse LNG Development concept is to commercialise the Browse Joint Venture’s three gas and condensate fields, Brecknock, Calliance and Torosa, 425 km north of Broome off the Kimberley coast. Gas and liquids from these fields will be brought to an onshore LNG plant at the Western Australian Government’s Browse LNG Precinct, near James Price Point, 60 km north of Broome.
LNG World News Staff, June 22, 2012