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    Reuters: Woodside Sees Browse LNG Opening in 2021 at Earliest

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Woodside Petroleum expects the long-delayed Browse gas project off Australia to be commissioned in late 2021 at the earliest, after pushing out a final investment decision to the second half of 2016, its chief executive said.

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Reuters: Woodside Sees Browse LNG Opening in 2021 at Earliest

Woodside Petroleum expects the long-delayed Browse gas project off Australia to be commissioned in late 2021 at the earliest, after pushing out a final investment decision to the second half of 2016, its chief executive said.

Browse is one of four key growth projects for Woodside alongside the Kitimat LNG project in Canada and Wheatstone LNG off Australia, which it bought with some oil assets from Apache Corp this year for $3.6 billion.

Woodside and its partners last December postponed a decision on the Browse floating liquefied natural gas (FLNG) to mid-2016. On Thursday it said a sign-off is now expected in the second half of next year.

Some costs on Browse, previously estimated at $45 billion when it was designed as a land-based project, have been cut by between 15 and 30 percent, the company said. MORE

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