The government of Western Australia has granted the Browse gas project the status of national significance, which will expedite its review and development. The project faces environmental disputes and legal proceedings, and is also awaiting changes in its ownership structure.
Australian company Woodside Energy has completed the transfer of operational control over key gas assets in the Gippsland Basin, which supplies around 40% of the gas demand on the country's east coast. The company is also involved in new asset swap deals and anticipates further project development amid changes in national gas reservation policy.
Shell has filed a second lawsuit against its former partners in the Laminaria-Corallina project, seeking compensation for the costs of decommissioning the Northern Endeavour floating facility. The total amount of the company's claims is approximately 170 million Australian dollars.
Petrus
