Business Services Industry
Phillips sinks Sunrise gas plan.
Australasian Business Intelligence, April, 2002
Apr 15, 2002 (The Australian Financial Review
ABIX via COMTEX) -- US-based Phillips Petroleum has ruled out a mobile platform for processing Timor Sea gas. Two of Phillips' five partners in the Sunrise liquefied natural gas (LNG) field, Royal Dutch Shell Oil and Australia's Woodside Petroleum, favour the floating LNG plant concept. Phillips vice-president in Australia, Stephen Brand, says his company, which owns 30 per cent of Sunrise, wants to build a processing plant at Darwin. Under Phillips' plan, a pipeline would run from the field to Darwin to carry the gas. The impasse comes as Australia's North-West Shelf LNG partners make a final move for a big new contract with China.
Publication Date: 16 April 2002
PHILLIPS PETROLEUM COMPANY:...
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