Woodside Petroleum Ltd. may be close to a deal to source six liquefied natural gas cargoes worth up to an estimated A$160 million from Malaysia’s Petroliam Nasional Bhd., or Petronas, as it seeks to cover sales commitments from the delayed Pluto project, the Australian Financial Review reported, without citing sources.
Analysts expect the cost of the A$13 billion project will be increased by A$200 million to A$700 million, while the timing of first production may be pushed out to mid-2011, the report said.
