Woodside has entered into an agreement with Shell that sets out the key principles that would apply if the Browse resources are developed using Shell’s Floating LNG (FLNG) technology.

The agreement provides a framework that would enable the Browse joint venture to progress FLNG as a development concept.

Woodside will immediately engage with the joint venture participants regarding the agreement, the extent of work on alternative development concepts and the obligations under the Browse retention leases. The selection of any development concept requires approval by the Browse joint venture participants.

Tags: Woodside Energy Ltd.