Woodside Considers LNG Project in Canada After Government Accord

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Woodside Petroleum Ltd., Australia’s second-largest oil producer, may develop a liquefied natural gas project in western Canada after receiving British Columbia’s approval to go ahead with a potential plant.

Woodside was awarded exclusive rights for the initial stage needed to build an export project at Grassy Point, according to a statement yesterday from the province of British Columbia. The Perth-based company must obtain an export license within a year and regulatory approvals, the government said.