NW Shelf shake-up looming

Original article by Perry Williams
The Weekend Australian – Page: 21 & 22 : 20-Jun-20

Former Woodside Petroleum CEO Don Voelte says a new model for the $34 billion North West Shelf LNG plant that would see it process gas for other firms may not suit some of its current owners. Woodside is one of six joint-venture partners who own the plant, but Chevron has decided to sell out of the plant, and BP and Shell could follow suit. Voelte says he would not surprised to see more selling of assets by major oil firms; he notes that Exxon is currently trying to sell its interest in the Bass Strait assets. He says asset sales have always been part of the majors’ strategy, but they would not get as much now as they would now.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CHEVRON CORPORATION, BP PLC, ROYAL DUTCH SHELL PLC, EXXON CORPORATION, BHP GROUP LIMITED – ASX BHP

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