LNG

Dec 9 (LNGJ) - AWE Ltd., the Sydney-based Australian energy company, said its Waitsia natural gas project in the Perth onshore basin of Western Australia was making strong progress towards its stage two development. The project could free up more feed-gas for LNG production and exports in the state. The Waitsia joint venture partners, AWE and Origin Energy, have approved the 2017 development budget, including drilling the final two appraisal wells from April to June 2017. AWE added that it had commenced a tender process and bids had been received for Waitsia stage two, which could supply 10 percent of WA's domestic gas demand for 10 years.