LNG

Feb 9 (LNGJ) - Australian energy and commodities company BHP Billiton, a stakeholder in the North West Shelf LNG export plant in Western Australia, said its board had approved expenditure of US$2.2 billion for its share of the development of 14 production wells in the Mad Dog Phase 2 project in the US Gulf of Mexico. BHP Billiton holds a 23.9 percent interest in the Mad Dog field and other participants include BP of the UK and Union Oil Co. of California, an affiliate of Chevron Corp. Steve Pastor, BHP Billiton President Operations Petroleum, said: “Mad Dog Phase 2 is one of the largest, discovered and undeveloped resources in the Gulf of Mexico, one of BHP Billiton’s preferred conventional deep-water basins.”