Fed: Costello says Woodside decision based on long =2

AAP General News (Australia)
04-24-2001
Fed: Costello says Woodside decision based on long =2

Mr COSTELLO says the decision was based on the national interest together with the
long term prospects of the NWS project.

He says the North West Shelf project will go for 10, 20, 30 years so the government
is making a decision about what should happen to Australia's largest energy resource for
20 or 30 years.

However, Shell has offered to set up independent shelf company with an independent chairman.

Mr COSTELLO says it would be very hard to put conditions on the deal after it'd been approved.

AAP eg/klw

KEYWORD: COSTELLO SAYS WOODSID 2 CANBERRA

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