BHP Billiton Interested in Liquefied Natural Gas
Release Date: 2011-04-28
BHP Billiton would be interested in becoming a liquefied natural gas operator in the long term, its chief said in an Australian media interview, amid speculation the top global miner was eyeing Woodside Petroleum .BHP quashed talk earlier in April that it was getting set to buy Shell’s 24 percent stake in Woodside as a precursor to bidding for Australia’s top LNG operator.
Analysts interpreted that to mean that no deal was imminent, not that BHP was not interested.
In an interview with the Australian Financial Review from Beijing, BHP Chief Executive Marius Kloppers (image) signalled Woodside would remain on its radar, saying that being an LNG operator was one element missing from the company’s energy portfolio.
“That would be something that long term would be a useful thing to have, but I don’t think you should read into that there is a burning feeling that the tool kit is light and that that is missing today,” Kloppers was quoted saying.
“But it is something that on balance, given that we want to be in all of the energy sources and given that we want — in the hydrocarbon space — to be in the various mechanisms that hydrocarbons are produced and transported, it will be something that will be useful in due course.”
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