Australia guarantees gas prices beyond 2010


Heads of agreements: Heads of agreements were due to be signed over the next few months with sales and purchase agreements to be negotiated by the end of 2006. These agreements will be conditional on a final investment decision by Woodside in 2007.

US talks: Woodside’s Pluto LNG Director, Lucio Della Martina, said discussions were also progressing with potential customers in the United States for additional Pluto volumes.

Pluto field: The Pluto LNG development was based on the Pluto discovery in permit WA-350-P, 190km northwest of Karratha. The field was discovered in April this year.

Erisk Net, 7/12/2005

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