Woodside invites Korea to give it a belting

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From the AFR:

Woodside Petroleum is ramping up pressure on South Korea to sign up for liquefied natural gas from its proposed Browse floating project, emphasising it is in the nation’s interests to see the project move ahead given the boost it would give to the economy and jobs.

Senior executives at Woodside including chief executive Peter Coleman are also directly pointing to South Korea’s responsibility to help reduce costs at the project given the three huge vessels to be used would be built at a South Korean shipyard.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.