Woodside halts Australian LNG project

Woodside halts Australian LNG project Perth, Australia (UPI) Mar 23, 2016 - Australian energy company Woodside said it was putting a hold on the development of its Browse liquefied natural gas project because of market conditions. Woodside said that, even with front-end engineering and design work completed, weak economic and market conditions meant it was necessary to put a hold on the $50 billion facility. "We have undertaken a comprehensive and rigoro ... more

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