Woodside Petroleum still in LNG talks with PetroChina

SYDNEY: Woodside Petroleum Ltd remains in talks to sell PetroChina Co liquefied natural gas from the $30 billion Browse project off Australia, after an initial supply agreement lapsed, Chief Executive Officer Don Voelte said.

Australia's second-largest oil and gas producer was also contacted by as many as five other potential buyers when the PetroChina accord wasn't renewed, Voelte said in a interview yesterday.

"Two people can pull out of the deal," Voelte said. "Maybe as we progressed, maybe we kinda fell out of love with the deal."