Shake-Up at Browse LNG As PetroChina Joins the Fray

摘要

PetroChina's $1.63 billion buyout of BHP Billiton's stake in the Browse LNG liquefaction scheme in Western Australia demonstrates once more that Asian buyers are willing to pay up for LNG access ? even in a delay-riddled project in a country with a growing reputation as a high-cost producer (EIF Nov.21' 12).