GAS

Otway sells first gas

THE Woodside Petroleum-operated Otway Gas plant near Port Campbell, Victoria has started gas sales.

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The commissioning and start-up of the plant has been completed and gas production is expected to increase in the coming weeks, Woodside said this morning.

The company will sequentially start production and export of condensate and liquefied petroleum gas.

The Otway Gas Project was expected initially to deilver first gas almost a year ago, in the fourth quarter of 2006.

Construction and operational delays saw the original budget of $811 million blow out by about 20%.

Joint venture participants are Woodside (51.55% and operator), Origin Energy Resources (30.75%), Benaris International Pty Ltd (12.7%) and CalEnergy Gas (Australia) Limited (5%).

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