Woodside to explore floating LNG at Browse Woodside will explore floating LNG technology for the Browse project. WOODSIDE has struck a deal with Shell to use floating technology to process gas from its Browse project. It comes just two weeks after the WA company scrapped its $45 billion project to process gas onshore at James Price Point - due to escalating costs - deciding to explore other options, including floating technology. Woodside chief Peter Coleman previously said the company had no preference for development, while Shell had stated it would prefer FLNG. But today Woodside told shareholders it had agreed on "key principles" with Shell that would apply if the floating option was selected. It said the agreement would allow the project's joint venture partners to progress the FLNG concept. Mr Coleman said FLNG would be the quickest way to commercialise the project and build on the company's relationship with Shell. "This agreement enables Woodside, as operator of the Browse LNG development, to strengthen our development and operational capabilities through the potential use of Shell's "Design one build many" FLNG technology," he said today. It also provides the opportunity for Western Australia to become an industrial, operational and technology centre for excellence for floating LNG worldwide. The decision will likely anger Premier Colin Barnett who has been strongly opposed to the floating technology - arguing it would result in fewer jobs for WA and be less beneficial to the state's economy. Woodside will now meet with its other joint venture partners. It needs agreement from all parties to proceed with FLNG.