1. Woodside Petroleum Ltd., Australia's second-biggest oil company, may swap a stake in a proposed A$10 billion ($8.3 billion) liquefied natural gas (LNG) project in Asia for assets in the faster-growing Atlantic market or develop its own project for the Atlantic market through exploration in countries such as Libya.
[LNG demand Europe and North America may overtake demand in Asia by about 2015. LNG is natural gas chilled to liquid form for transportation by tanker to destinations not connected by pipeline.]
2. It will wait for and only consider an opportunity that is vastly superior to what it will give up with Pluto but works for another company.
Will the collective trance of the relentless treasure hunt ever end in a stupor of futility? Will the future ever really and purposefully influence the present?
[Click here for full story at: BLOOMBERG.COM]
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