Oil and gas major Woodside is committed to the development of the Scarborough gas field, offshore Western Australia, despite the tumbling oil prices and the volatile price environment for liquefied natural gas (LNG).
Reports emerged last week that the $11.4-billion project could be delayed as the coronavirus continued to rage on a global level, the oil price tumbled to its lowest level since the Gulf War and LNG prices fell on the back of a glut of supply in Asia.