PERTH, AUSTRALIA -- (Marketwire) -- 08/03/12 -- Researched by Industrial Info Resources Australia (Perth, Australia) -- The Browse precinct is a US$31.4 billion (AU$30 billion) liquefied natural gas (LNG) project under development in Western Australia's remote Kimberly region. Woodside Petroleum Limited (ASX:WPL) (Perth, Australia) is the operator of the gas export project, and has been progressing with plans to build and operate a 12 million-metric-ton-per-year LNG processing facility. Woodside Petroleum is working in partnership with BHP Billiton (NYSE:BHP) (Melbourne, Australia); BP Developments (NYSE:BP) (BP plc) (London, England); Chevron (NYSE:CVX) (San Ramon, California); Shell Developments Australia, a subsidiary of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands); and Japan Australia LNG (MIMI), a 50:50 joint venture between Mitsui & Company Limited (NASDAQ:MITSY) (Tokyo, Japan) and Mitsubishi Corporation (OTC:MSBHY) (Tokyo). Australia's Environmental Protection Authority recently recommended conditional approval of the Browse project.
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