Woodside Petroleum (ASX:WPL)
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5 Years : From Aug 2010 to Aug 2015
Woodside Petroleum Ltd. (WPL.AU) Thursday said it has entered negotiations with Apache Corp. (APA) and Kuwait Foreign Petroleum Exploration Company, or Kufpec, to buy gas for a possible expansion of its Pluto liquefied natural gas project.
Woodside said it has signed a non-binding letter with the two parties "setting out key principles to facilitate negotiation on a non-exclusive basis" for the possible sale of gas from the Apache-operated Julimar and Brunello fields to support a second LNG train at Pluto.
Perth-based Woodside was responding to recent reports quoting Apache as saying it expects to sell gas to Woodside for Pluto-2.
"As previously advised, Woodside continues to discuss Pluto Train 2 options with a number of parties in the Carnarvon Basin," Woodside said in a statement.
By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957; email@example.com