Woodside delays start of Pluto as costs soar

Woodside Petroleum says costs for its Pluto liquefied natural gas (LNG) project have blown out by $900 million and it will take another six months to begin production while it rebuilds equipment that falls short of design specifications.
The oil and gas producer says the Pluto project, offshore from Karratha in Western Australia, will cost $14 billion, up 7 per cent from its prior estimate of $13.1 billion.
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Source: The Sydney Morning Herald