BHP Backs Floating LNG Plan off Australia With Partner Exxon
This article is for subscribers only.
BHP Billiton Ltd., Australia’s biggest oil and gas producer, backed plans to develop what may be the world’s largest floating liquefied natural gas project, saying it’s “fully aligned” with partner Exxon Mobil Corp.
“We’ve progressed it far enough now that we’re confident in the technology and the commerciality, so we know it will go forward,” Tim Cutt, president of BHP’s petroleum and potash division, told reporters today on a conference call.