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Wheatstone LNG A Drag On Woodside Petroleum

The corporate mentioned in a third quarter assertion that its manufacturing steerage for the yr was narrowed because of a petroleum refinery pdf 4000 delay in the start of the first liquefaction facility, or train, at its Wheatstone project in the state of Western Australia.

The consortium behind Wheatstone had anticipated a startup by midyear 2017, but introduced only in October that operations had been up and working.

At its peak, the power will supply nearly 9 million tons of tremendous-cooled gas every year to the rising and energy-hungry economies of Asia. The power is positioned about 7 miles away from the Wheatstone and Iago pure gasoline fields.

The Wheatstone consortium includes the Kuwait Overseas Petroleum Exploration Co. Australian vitality firm Woodside Petroleum. Drawing on a global portfolio, Woodside said it petroleum refinery pdf 4000 executed sales and buy agreements for more than a dozen cargoes of LNG for supply between 2017 and 2019.

Woodside mentioned Thursday that total working revenue to Sept. 30 was $2.Eight billion, down 4 % from the same period last yr. Wheatstone has yet to account for any of the sale income reported by the corporate.

The figures came whilst Woodside boasted of file-setting manufacturing from its Pluto LNG petroleum refinery pdf 4000 facility in Australia, which delivered its 350th cargo in the course of the reported period. Month-to-month manufacturing was three % greater in July, in contrast with the earlier record set in the same month final yr.

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