Feb 24 (LNGJ) - Woodside Petroleum Chief Executive Peter Coleman said in an interview with financial news wire Bloomberg that the company was considering buying back Royal Dutch Shell's one-third holding, valued at around $7.7 billion, using cash from its Pluto LNG project coming onstream in March. Purchasing the shares "is an option," Coleman said. "Woodside is in a very fortunate position over the next 12 months to 18 months. With Pluto coming online we're going to start to generate a lot of cash," he added.
LNG gives Woodside option
Written by John McKay
Friday, 24 February 2012
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