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Timor Sea gas venture takes time to select best prospect

A joint venture of four companies planning to develop gas resources in the Timor Sea says it needs more time to choose the best way to go about the project.

Phillips Petroleum, Woodside, Shell and Osaka Gas met last week to discuss their proposed multi-billion dollar development in the Greater Sunrise gas field.

Shell and Phillips have put forward competing projects, with Phillips planning a pipeline and onshore gas plant near Darwin, and Shell prefering a floating production plant.

16/10/01 17:13:14 | ABC Radio Australia News

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