james price point

WA Premier denies $45bn LNG project shelved.

West Australian Premier Colin Barnett has denied he has been told by Woodside that the company has shelved its $45 billion Browse LNG project at James Price Point, north of Broome.

There are media reports that Woodside has told both the West Australian and Federal Governments it has decided not to proceed with the project because it cannot develop it profitably.

Woodside and its joint-venture partners are due to make a final investment decision by the middle of the year.

Mr Barnett says Woodside has not informed him that it has walked away from the project.

"I have continual discussions with Woodside and it's not for me to comment publicly, particularly to market sensitive information, as to what decisions might be. By July we will know what the situation is," he said.

The company and the Federal Government have declined to comment.

http://www.abc.net.au/news/2013-04-11/wa-premier-denies-being-told-woodside-has-shelved-2445bn-proje/4624098