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CNBC: Australia’s Woodside gains environmental approval for Pluto LNG project

12 Oct 2007 | 02:50 AM ET

SYDNEY (Thomson Financial) – Australia’s leading oil and gas producer Woodside Petroleum Ltd said Friday it has been given the green light to start work on its 12 billion Australian dollar Pluto liquefied natural gas project in northwestern Australia after the federal government gave environmental approval for the development.

Woodside said this is the last of the key state and federal environmental and heritage approvals required for the project to proceed. The Royal Dutch Shell group owns 34 percent of Woodside.

(1 US dollar = 1.11 Australian dollars) [email protected] – bhx/ng

Copyright Thomson Financial News Limited 2007. All rights reserved.

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